Why does the ruble become cheaper? What if the ruble becomes cheaper? The ruble is falling, what are the consequences?
The catastrophic situation in Ukraine led tosharp devaluation of not only the national currency, the hryvnia, but also the Russian ruble. At the moment, this is the main reason why the ruble is getting cheaper. The situation is deplorable for all budget organizations, financial structures and, first of all, it is a significant blow for the purses of ordinary citizens. Mortgages, loans in foreign currency devastated the pockets of the population, it became very difficult to pay debts, when salaries, pensions, social payments did not rise to the level. What does "the ruble fall" mean? If we speak intelligible for all languages, this is the process of reducing the value of the Russian currency against the dollar and the euro.
It should be noted that the ruble is falling along withcurrencies of developing countries. This suggests that most of the depositors withdrew their deposits, thereby bankrupting some of the banking structures and led to a reduction in the cost of assets and other securities.
The mood of the Russian people on the current situation
The ruble depreciates, and this fall is panickyperceive the citizens of Russia, because the bulk of the turnover in the country is due to purchases in neighboring countries, and as the exchange or delivery of food occurs at the rate of the US dollar, then the current prices in the country significantly differ from the previous assessment of goods.
If you take, for example, the Chinese, then they are completelyare indifferent to the dollar. According to the leader of the country: "If our currency suddenly collapses, the prices for food and goods will not grow, as it happens in Russia: we do everything ourselves. True, such financiers as yours, in the PRC long ago would have been fired ... "
The most important reason, because of which the populationis very concerned about the question of why the ruble is getting cheaper - everyone is afraid of another devaluation. Indeed, more recently, in 1998, the ruble's exchange rate against the dollar fell more than threefold, namely, from 6 rubles per dollar. and up to 21 rubles / dollar, which had a detrimental effect on the subsistence level of each citizen of the country.
What can cause the fall of the ruble?
Continuing the topic of the fall of the ruble,that a sharp decline could result in a sharp increase in the currency. Unfortunately, ordinary citizens, not finding the answer to the question: "The ruble is getting cheaper - what to do?" - give in to panic and change the ruble to the dollar or euro. This is not entirely correct. Financiers warn that there are no compelling reasons for the accumulation of foreign currency. The main thing is not to panic or create conditions for the fall of the economy in the country.
By the way, not only did the ruble hit thea trap of devaluation. Also the Australian dollar, the Turkish lira, the Argentine peso. This suggests that they began to massively withdraw deposits that are commodity, and, accordingly, make investments in US debt securities, the yield of which will grow and grow.
Is it possible to strengthen the Russian ruble?
Will the ruble become cheaper? According to the latest studies of the Central Bank, the strengthening of the national currency is possible when the Russian economy comes out of stagnation. And today's situation with the ruble is at the final stage, there should not be more currency sagging. Such are comforting forecasts for today.
The population of the country (as mentioned above)worried about the fact that the ruble is getting cheaper. What to do in this situation? It is important to support the economy of the country and not to withdraw its own deposits. This is a big blow to the banking structures, it's easy to get everything out of the habitual channel, and it's difficult to recover.
The problem of currency devaluation in Russia wasexternal factors, especially the situation in the neighboring country - Ukraine. Fluctuations in the world currency markets began in early August, when the international provider of S & P lowered the US rating. This led to a collapse in the stock markets. And no matter how it would be desirable for investors to withdraw their funds into foreign capitals, it is important to take into account the world situation in the currency market. Now it is difficult to talk about the stability of the dollar or the euro. Every currency has a risk side, not always American capital will save savings from instability.
How to save your savings?
In which currency to save their savings, whenIs the ruble getting cheaper? Financiers advise to distribute deposits, not to keep them in one currency, no matter how stable it may seem. You can buy gold and real estate, this is a good alternative at the moment.
If the depositor has a small amount of money, thenit is worth exchanging on trifles. According to economists, you need to keep money in the currency in which you plan to spend this money later. The thing is that you can not just buy or sell currency at a more profitable rate. Situations associated with the currency change very quickly, so people who are not engaged in the financial sector, simply can not track changes in the exchange rate.
What steps should be taken to strengthen the national currency of the Russian Federation?
- Increase the increase in gross output, as well as reduce the supply of foreign products, replacing it entirely with its own product.
- However sad it may sound, the growth of salaries in Russia undermines its competitiveness.
- To reduce the growth of the country's expenditures, to bring the budget economy into stability.
- To increase the price of oil, according to statistics, 1% of the cost of raw materials raises the ruble by 0.2%.
- Attract the Central Bank to take custody of the ruble. Recently, Russia has emerged from the care of the national bank, and this has led to uncontrolled growth and falling currencies in world markets.
You can talk a lot, but how will show itselfthe national currency is difficult to forecast. It is important to take the right steps on the way to strengthening it, not investing huge money in dubious and not so important in priority projects.
Reasons for the depreciation of the ruble
They say that the billion-dollar funding for the Olympicsin Sochi was one of the reasons for the rise of the question of why the ruble is getting cheaper. Russia did not appreciate the strength of its economy, did not follow the country's expenses and incomes. Also, many political scientists accuse Ukraine of the current deplorable situation. After all, a loan of one million dollars, which was issued by Russia, was taken from the reserve fund, which was supposed to support the ruble exchange rate. But all this is just silly talk and no more. After all, how can a small country bankrupt a great loan for a poor neighbor country? There is one more reason why the ruble becomes cheaper. The fall of the ruble is caused by the negativity of the fraternal peoples, America and other ruling countries. The unstable political and economic situation in Ukraine, illegitimate transfer of Crimea into Russia's ownership - this undermined the authority of the Russian Federation.
The whole situation in the country falls onshoulders of citizens with an average salary. Not having investments in investments and other precious metals or documents, the people save the currency that tomorrow will pay for purchases. On the one hand, this will significantly contribute to the strengthening of the ruble in the domestic market of the country, and on the other hand, it will allow the national currency not to depreciate.
The unavoidable factor
Recently, the Russian Federation has significantly increasedreal estate prices, transport, tour packages, utilities and some food products. It was impossible to avoid rising prices, because, in relation to the dollar, all previous prices would not match procurement amounts. Special commissions are trying to stop a sharp jump in prices in the world market, as a result of which the domestic economic situation in the country is stabilizing.
"Last year, the Russian economy enteredstagnation. This painfully hits the Russian state finances, which is most acute for local budgets, "says Eric Naiman. "At the same time, the easiest way to fill the state budget with money that can be shared with local authorities is precisely the depreciation of the ruble."
So, it is possible that if the ruble rate falls, thiswill play its role in the economic and political situation in Russia. All such situations cause a lot of negative and positive emotions of political scientists, all countries of the world take an active part in the life of the Russian Federation.
Forecast both the rapid fall of the ruble, andcurrency appreciation in the near future. As of May 2014, they promise the stability of the national currency, which can balance the current economic situation in the country.
How long will the ruble fall? The crisis is not predicted. The National Bank is talking about the gradual recovery of the ruble, after a sharp drop, there will be a temporary stability, and soon the national currency will slowly begin to rise.