Many media of economic orientation posted on August 16 information about the countries with the most dramatic change in the value of the dollar to the national currency over the year. According to Tinkoff.Ru, Russia got into the top-7 countries with the most weakened national currency.
Lebanese pound +896%,
Zimbabwe dollar +886%,
Venezuelan bolivar +427%,
the Syrian pound +418%,
Argentine peso +114%,
Angolan kwanza +98%,
the Russian ruble +63%,
Surinamese dollar +57%,
Turkish lira +51%,
Pakistani rupee +31%,
Laotian kip +27%.
Recall that on August 14, the dollar and euro at the auction in Russia broke the psychological markers of Br100 and Br110, respectively. But the currency did not stop there and went further. Meanwhile, the Central Bank of the Russian Federation does not see any threats to the country’s economy and explains the devaluation by the imbalance of exports and imports, but on August 15, the Board of Directors of the Central Bank raised the key rate by 3.5% to 12%.
Bankiros.Ru published the opinion of the author of the Telegram channel MMI Yevgeny Suvorov, who rejects the Central Bank’s version that the devaluation of the ruble is due to the growth of imports and falling exports, i.e. the growth of surplus. Suvorov cited recent statistics, according to which the trade surplus in January-July decreased 3.2 times in annual terms, to $64.4 billion. The current account surplus for the same period fell 6.6 times, to $25.2 billion. This is almost in line with the Central Bank’s target of $26 billion.
