Friday, April 10, 2015

Russian ruble recovered and reached an annual high – tagesschau.de

Date: 10/04/2015 15:40 clock

2014 went for months for the ruble in only one direction: down. However, this trend has reversed. The Russian currency climbed to a new high. A dollar cost last around 51 rubles. For the US currency, the ruble was thus not as highly regarded as the beginning of the year. Reason for recreation are also attracting oil prices.

By Markus Sambale, ARD Radio Studio Moscow

After a months of the ruble crash is back on the road to recovery. . The Russian currency against the dollar so strong now as year to date no longer

economist Sergei Aleksashenko, former deputy head of the Russian Central Bank, it sees several reasons: “The price of oil has risen – and indeed noticeable. 45 to 55 to $ 60 per barrel, the benefited the ruble In addition, statistics show that the central bank always buys foreign exchange in spring It is a peculiarity of our financial system, that the supply of foreign exchange in the spring growing.. than the demand. ” Deadlines for accounting and tax in Russia behind this annual development

However, people in Russia seem again to have more confidence in its currency, as the expert explained. “It are citizens who have bought a lot of foreign exchange in December and deposited at home. You will now see that the ruble is stronger in the long term and slowly begin to sell them. “

For recreation the ruble is likely to have contributed to the situation in Ukraine last not worsened. However, the prospects for the Russian economy remain bleak: With up to minus four percent a severe recession is expected for this year. However, Prime Minister Dmitry Medvedev called the new strength of the ruble a sign of hope for recovery

Too much should the ruble also not be -.. Because that would bring the Russian export industry in trouble

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