Predict ruble collapse in the coming days. Experts' comments

Banks Finansy01-08-2008 Ruble predict a collapse in the coming days. Comments by experts in Russia in the coming days it may happen a crisis reminiscent of the default of 1998, analysts believe one of the most respected investment banks BNP Paribas SA. Russian ruble may depreciate, and the price of government bonds fall as an investigation of metallurgical and coal companies reduces confidence in the country, the analyst believes the Emergency markets at BNP Paribas in London Shaheen Will. He cites a chilling prediction: he estimates that in the coming days, the currency may fall to 29.4 rubles per dollar. The reason for that Will sees in the claims of state organs to large mining companies. We recall a memorable speech after Russian Prime Minister Vladimir Putin on July 24 where he harshly criticized the pricing policy of Mechel, the Federal Antimonopoly Service (FAS) filed a case against Mechel, LLC Raspadsky coal "and" Evraz Holding . "The obvious vulnerability of the corporate sector in a collision with a State can hardly be regarded as a favorable factor for the business climate", - said the analyst in an interview with Bloomberg. "The Russian stock market has weakened quite considerably and can reach a state where we start to see an outflow of capital", - he added.