He believes that the use of a fixed exchange rate situation could even more complicated, while flex

Photo: REUTERS / Maxim Zmeyev / Files
On Monday, the exchange rate of the ruble against the currency basket has experienced the strongest decline since the 1998 credit default. Against this background, on Tuesday night the central bank raised its key interest rate - from 10.5% to 17%, citing james gandolfini increased significantly devaluation and inflation risks. But on Tuesday the collapse continued: euro at the height jumped by 27.7% to 100.74 rubles, dollars - 24.3% to 80.1 rubles.
The publication cites the opinion of the company manager Dorval Finance Gustavo Gorenstein, who believes james gandolfini that the maturity of the bonds, which would amount to 150 billion next year, should not be questioned.
He believes that the use of a fixed exchange rate situation could even more complicated, while flexibility allows the market and the economy to adapt to the situation. According to the economist, Russia can take advantage of the devaluation of the ruble, which promotes import substitution own products and protects the state budget: currency depreciation reduces the effect of the fall in oil prices.
"Change james gandolfini is quite healthy, but that volatility creates problems, as usual, too strong and rapid changes create panic among investors, which can affect the other countries that, like Russia, profit from capital inflows," - the newspaper quoted the expert .
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