The Russian currency continued to fall against the euro and the dollar. Analysts suggest that the ruble will continue to lose its position, as it is a typical commodity currency. But experts do not yet consider the situation critical.

The official euro exchange rate on Tuesday jumped by 99 kopecks to almost 41 rubles. The national currency lost almost 20 kopecks against the dollar. The ruble maintains significant losses against the bi-currency basket due to risk aversion and falling oil prices, experts say. The trend towards further weakening of the ruble will continue in the near future, says Andrey Lusnikov, leading analyst at the Finmarket news agency.

"The ruble is retreating. It is quite possible that, say, the dollar could grow or, at least, gain a foothold somewhere around 28.5 rubles. Further upward movement, of course, is possible. But, simply, this is still “If the situation on global markets really continues to deteriorate, of course, nothing can be predicted,” noted Andrei Lusnikov. “But if it does fix at some current levels, then it seems that the ruble will not stretch much long-term. And somewhere around current levels, that is, 40-41 rubles for the euro and somewhere around 28.5-29 rubles for the dollar, everything may well calm down.”

The fall of the ruble does not have any critical consequences, says Alexei Mamontov, president of the Moscow International Monetary Association.

“People exit high-risk assets by investing in securities. They enter the so-called “cross” - that same fever that either breaks down or ends in some kind of collapse, the bottom, as we say, after which there also comes some silence and a gradual exit into a new trend,” explained Alexey Mamontov. “I don’t think that what we are seeing on the local foreign exchange market is the reaction of Russian citizens, this is the reaction of Russian speculators. Nothing is happening to ordinary, as you say, Russian citizens. could alarm the citizens - the command to “stand!”

The situation should not be underestimated, says Sergei Khestanov, managing director of the Alor group of companies. He notes that in the short term it is worth investing in the euro and dollar.

“The ruble is a typical commodity currency. The fall of the ruble, naturally, unwinds the spiral of inflation. The main danger is the promotion of inflation through the rise in price of imported goods. If a citizen sets the goal of saving his money for a relatively short period of time, the option of buying a basket of dollars and euros looks quite good “, said Sergei Khestanov. “If a person is going to save for a long time, he needs to create a whole diversified portfolio of a variety of instruments: currency, precious metals, securities, and so on.”

Last Thursday became a “black day” for global trading floors; the fall occurred on all fronts and continued on Friday. American stock indices fell by 4-5% at the end of trading. Stock indices in Europe also fell by 3.3%.

"Citizens are given the command to 'stand!'