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Date
10/22/2008
Author
Hidden
Source
Polit.ru
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Internet Archive
Translated material

The dollar continues to grow


The official dollar exchange rate set by the Central Bank on October 23 amounted to 26.9215 rubles, which is 48 kopecks higher than the course established on October 22. In just two days, the dollar has risen in price by more than 86 kopecks. The dollar is getting more expensive against the backdrop of the fall of the euro. The course of the European currency dropped to 34.63 rubles, while on the eve of the euro they gave 35.08 rubles.

Courses in Russia largely reflect the situation in world markets, where the dollar continues to strengthen in relation to the euro. On October 22, the European currency cost less than $ 1.28, which is a two -year minimum.

At the end of last week, rumors spread in Russia that the ruble would fall to the course of 40 rubles per dollar, which caused panic and buying up the American currency in exchangers who began to lift up prices for a dollar up to 28 rubles. Experts explained this by the game of investors-province playing on the fall of the ruble. The Central Bank, in order to support the ruble, introduced restrictions on a number of foreign exchange transactions, and the authorities made the assurances that there would be no ruble devaluation.