The central bank of Russia has suspended this
Wednesday the purchases of foreign currencies foreigners to restore the
international reservations in the country after the fall scored by the ruble in
the last days. This way, in the passing’s five sessions the Russian foreign
currency 3,3% is left, fallen that enlarges until 6% in so far in month. With
this descents the ruble returns at its lower level of from March and it is
changed to 59,76 rubles by dollar. The reasons of these falls are to look for
it in the volatility of the Chinese Bag and the rumors that point to an ascent
of the types of interest in EE UU and United Kingdom.
It is that Putin doesn't give one to right he fights
with occident (Europe and the USA) and like threat announces that he leans
toward Chinese where it hires an order of gas that will be the salvation of the
Russian economy, it continues making plans of modernizing the Russian army and
as always Russia makes a mistake. The Chinese economy stops, the Chinese financial
market collapses, and the ruble leaves behind with what will be he difficult to
Putin to remodel its army to give us fear already noticed it the Russian
problem it is the distrust in Europe and in its own force as consumption market
and not acting as aggressor like it seeks to be made be worth Putin.
The Bank of Russia has stopped July 28 the operations
in the mark of the reinstatement of the international reservations, due to the
increment of the volatility in the market of national currency, Russia will try
this way to minimize the impact of the operations to restore the international
reservations in the market of foreign currencies, as Bloomberg, the bank of
Russia picks up he informed that on Tuesday the institution reduced the volume
of purchases to 160 million dollars, in front of the 200 million that he
acquired from half-filled of May.
The Central Bank of Russia renewed the purchases of
foreign currencies by the middle of May to increase the level of reservations
gradually until the 500.000 million dollars in the next ones three or five
years. From then on, the institution has been made with 10.000 million dollars
in foreign currencies, as Bloomberg picks up. The international reservations of
the Bank of Russia ascended until the past July 17 to 358.200 million dollars
(325.636 million Eurus), 7,2% less than at the beginning of 2015 and 24,2% less
than one year before. It is necessary to suppose that these falls are sales to
sustain the ruble
But the volatility that the ruble lives in the last
weeks is not separated a case. The falls scored by the Russian foreign currency
are replied in other currencies like the Colombian weight that it gives 9,4%,
the real one Brazilian (-7%), the Chilean weight (-4%) or the Mexican weight
(-3,5%). This is a given prospective effect the security in the international
markets that the FED will go up the cost of the money in the USA in the last
trimester of this 2015 with what all the more indebted countries in dollars
will suffer a rise in the price of their debts
But in Russia the things go further on to these
movements of foreign currencies they unite the sanctions for their actions in
Crimea and Ukraine, to such an extent it has arrived the problem that the
president Vladimir Putin, it has decreed this Wednesday the destruction of the
western perishable products that they enter to the country breaking the
effective prohibition of caring them, in a step that brings near a little more
to the Euro-Asian economy to the autarchy.
The measure will affect to the foods coming from the
countries that decreed in its moment economic sanctions against companies and
Russian citizens, like it is the case of USA and of all the members of the
European Union. The objective of this measure is to discourage the smuggling of
European foods in Russian territory through countries like Byelorussia, what
has been denounced in numerous occasions by the local press.
In fact for it, Russia was forced to suspend the
entrance of containers coming from the neighboring country: using the labels
from Byelorrusia arrived to the market national products like oysters or
mussels... when Byelorussia not even has sea. The initiative of destroying the
products perishable Westerners belongs to the minister of Agriculture, Alexandr
Tkachov, what places to the fruits and vegetables at the same level that other
smuggling articles dedicated to be destroyed as for example the drugs.
Some Russian means have already criticized the
measure, when considering that it would be much more practical to sell those
products to low cost to help to the layers more desfavorecidas of the Russian
society whose revenues have been reduced due to the current recession. Others
intended to send those products to orphanages or the Ukrainian regions of
Donetsk and Lugansk affected by the war, where a lot of people only survive
thanks to the humanitarian help. In spite of it, the Russian government has
ignored all the proposals, and the foods will begin to be destroyed starting
from August 6.
They already know it in alone Russia he will eat up
and it was paid with Russian original products we will see when it arrives the
winter like them anger to the millions of Russian that support a very hard life
in the icy lands of the immense Russia. It is very lamentable eta situation it
is the second time that passes them it happened with the famous iron curtain
and the cold war and now after a time in that it seemed that the Russian
political good sense was imposed in its international relationships Putin it
leaves and it dictates another time the most absolute and absurd tyranny the
worst thing it is that alone it suffers it the town, because Putin and its oligarchies
will continue selling gas and petroleum and buying mansions in Europe.
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