The fall of the ruble over? - 26 January 2009

Finansy26-01-2009 fall of the ruble over? - 26 January 2009 devaluation of the ruble by the Bank of Russia in the near future is complete, but the dollar against the European currency continues to gain new heights. Next week, this trend will continue, and the ruble may grow. Perhaps the main event of the week was the official statement of Bank of Russia on the completion of "managed devaluation of the ruble, launched on November 11 last year. Central Bank established a limit on short-term border corridor currency basket, which for some time will not change. On January 23 the upper limit of the technical corridor currency basket was set at 41 rubles. As stressed by the head of the Bank of Russia Sergei Ignatiev, 41 rubles. - "This is an upper bound for the value of the currency basket. The actual value of the basket can be significantly lower. It may be below the level prevailing today (37,2 rubles).. According to the analyst finance company UMIS Eduard Kovalenko, the decision of the Central Bank is absolutely correct, as this will stabilize the exchange rate around the current level of and fluctuations in future be held in accordance with fluctuations in the euro / dollar in world currency markets.