The Central Bank of the Russian Federation gets rid of rubles, frantically buying dollars

In the near future, the Russian Ministry of Finance will begin large-scale purchases of dollar currency. Investment volumes claim to be a record and amount to almost 260 billion rubles before the beginning of February, that is, about 15 billion rubles a day.

To conduct operations will be the Russian Central Bank. Every day during this period, the Bank of Russia will enter into transactions for the purchase of foreign currency at the organized trading of the Moscow Exchange, where currency speculators rule the show.

The Ministry of Finance warned in advance that additional oil revenues more expensive than 40 dollars per barrel will be invested in the purchase of foreign currency. According to experts, if the price of oil retains its position until the end of the year (which is 60-65 dollars per barrel), then in 2018, the Russian government will invest around 3 trillion rubles in the US currency.

Comments

[Victor_B]

The Central Bank does a holy work!
The main thing is to have time to place these dollars in the United States before they are arrested.
Hurry up.
Pancake!

[Vlad.by]

Oh, I remember a similar story already was. With Russian stocks and debt securities. Announced in advance and "problematic" assets, people began to "drop" the problem if only to sell.
And how did it end?
I admit that on rumors about the Central Bank’s interventions in the buck, it will grow, the Central Bank will merge some part of the dollar stash for seed, and then invest in metallic gold for example. And the buck again starts to drift down.
Up there, they’re not announcing anything for nothing. We look forward to another "elegant" combination.

[Black_Vatnik]

If I am not mistaken, have you already done that in 2014?

[Observer2014]

Yes. Infa began to come not to eat gut. Mr. Leontyev’s wild hunt to listen after 4 years as he almost every day pressed in “However”
-Dollar is about to collapse!
True, it will collapse sooner or later. But according to a casual run of info and an increase in salaries, etc., of promises, and then after the election. (Who does not believe the Belarusians ask 100 times this passed) it will be necessary to level the promises with a depreciation of the ruble. I think that now it’s time for citizens to buy green ones. About three or four months, of course, the promises will be fulfilled as they can. And then an echo of the Hong Kong crisis will break out. translate, it's time to translate. It's a scary word election To defuse the situation.

[allaykbar]

I think that now it's time for citizens to buy green.

Well, you can’t read any other advice. you are so yes.

Probably rich? Once you advise where to invest and what to buy?

Although you and I know the truth. What are you smart and rich, Lieutenant General

who does not believe the Belarusians ask laughing 100 times it went

ask those who live off the RF how to live?

. So whoever there has something to translate, it's time to translate.

better tell your wife how to cook cabbage soup

[Observer2014]

allaykbar To give a razor? Well to shave the bristles?

[allaykbar]

I thought you left "buy green" and play on the stock exchange

[Observer2014]

allaykbar

I thought you left ....

No need to think. You need to fear that they will respond to profanity

[mavrus]

Sheer idiocy ...
Why again buy dollars?
And if you are buying currency, then you are buying on the sly ... why announce?
Or speculators warn that they raised the price?
They work out their percentage of "rollback".

[Arikkhab]

The Central Bank (like the central banks of all countries) buys dollars
1. to support the ruble exchange rate / (local currency)
2. for use in international trade settlements

[andr327]

everywhere they often speak a lot about the ruble, dollar, etc. on the Moscow stock exchange, but about the volume of sales and purchases of currency all the time they are somehow silent, or quietly in your ear.

[svp67]

Quote: andr327

but the volumes of sales and purchases of currencies are somehow silent all the time, or quietly quietly in your ear.

You just have to "stand in those places where you can hear it." Do you need this question vitally? Then stay tuned for stock news

[Cxnumx]

mumble ... not the same god ... did the man predict the collapse of the ruble in late 2017 - early 2018? some fig nastrodamus.

[svp67]

then in 2018, the Russian government will invest about 3 trillion rubles in American currency.

And who said that to the AMERICAN? Euro and RMB are the same FOREIGN CURRENCY. And very necessary for the purchase of equipment.

[Forever so]

a wonderful investment of oil in toilet paper.

[stopkran]

Let's hit buying up dollars on sanctions, corruption and bureaucracy! Morons ...

[Arikkhab]

yesterday, the Israeli central bank bought up nearly $ 400 million to support the shekel. and no one yells "everything is lost"