Based on the real purchasing value of the national currency in the domestic market, you can set the hard rate of the ruble against the U.S. dollar and other reserve currencies at the level of 40 rubles, according to the Federation Council.
MOSCOW, 21 Jan. In the Federation Council believe that the Central Bank needs to abandon the convertibility of the ruble and to establish his tough line against the dollar and other major reserve currencies, in this case, the rate may be approximately 40 rubles per dollar.
First Deputy Chairman of the Federation Council Committee on economic policy Sergey Kalashnikov has declared that it is necessary to establish strict exchange rate of the ruble against both the U.S. dollar and other reserve currencies. “Based on the real purchasing value of the national currency in the domestic market, its rate may be about 40 rubles per dollar”, — he noted.
According to Kalashnikov, in the case that the country will have fixed exchange rate, will always be a black market currency. This Senator believes that this will have on the economy less detrimental effect than speculating on the value of the national currency. “The black market currency will appear, it is absolutely inevitable, but it is not the main problem for the Russian economy,” — says Kalashnikov.
The Senator also believes that the current exchange rate of the ruble is not associated with the financial processes in the world, and with prices in the oil market. According to Kalashnikov, the current rate of the national currency is the consequence of the speculative games of the banks.
“This is absolutely speculative course. Therefore, the Bank of Russia and don’t let him out speculators, instead of taking advantage of any reason to raise the key rate”, — he said.
According to Kalashnikov, if these measures are not taken, then the American currency will grow. However, the Senator believes that the national currency remains the possibility of growth. He also noted that it is not necessary to perceive the current maximum dollar maximum. “No need to run to banks to buy currency. Of course, the fluctuations will go towards further depreciation of the ruble, but after a while it may rise slightly,” said Deputy Chairman of the Committee, adding that in his opinion, the fluctuations in the exchange rate will go in the hallway 70-90 rubles per dollar.
Under the pressure of falling oil prices the ruble on January 21, continued its decline against other world currencies. During trading on the Moscow exchange, the dollar broke the historical record in 85 rubles, and the Euro crossed the next maximum from December 2014 to 93 rubles. Brent crude traded near while 28 per barrel.