Why is the ruble cheaper?

Andrey Kim
Andrey Kim
March 18, 2015
Why is the ruble cheaper?

The turn of 2014-2015 has become a truly difficult time for the financial market, and this is not only about the situation of Russia with its actively falling ruble, but also about the general world situation.

The fact that Russians have become less wealthy has seriously affected the tourism business. Russians love to travel, but traveling to the eurozone has become very expensive now, the flow of tourists has decreased significantly, and this, of course, is not too good for countries that survive mainly due to tourism. Yes, there are tourists from other countries, but it is not a secret for anyone so generously as the Russians, few rest.

And tourism is only one area, many other sectors are in a crisis today. So why is the ruble cheaper, who benefits from it and how to save their savings in a crisis. Let's figure it out.

Why the ruble is cheaper: the reasons

Of course, the main reason for the fall of the ruble, most analysts believe the current situation in Ukraine. The political struggle makes the markets of the opposing countries less profitable for investors, and they are rapidly withdrawing capital.

Another important point was the speech of the head of the Ministry of Finance of the Russian Federation Anton Siluanov, who reported in February that the ruble is gradually stabilizing and there is no longer a need to spend reserves to support the Russian currency. This statement essentially meant that the Central Bank would not hold back the ruble, which means it could be devalued.

Speculators play their role in the fall of the ruble, and it is important to say that some analysts say that the fall of the ruble is advantageous to about 10% of the economic subjects of the Russian Federation, the most pessimistic ones call the figure of 25%. In addition, many economists believe that the Ministry of Finance is most interested in the fall of the ruble, since this situation will increase the budget revenues. How? Oil, for example, is sold in dollars, and revenues go to the budget in rubles, which means that the infusion to the budget is greater at the output.

How to save money?

However, the majority of citizens are more interested in not asking why the ruble is falling, but how to save money in a crisis. Experts put forward various theories, but most agree that it is necessary to invest in real estate, but not in the construction, but in the ready, because construction companies are not insured against ruin during the crisis. Real estate will always be in the price.If there is not enough money for real estate, many recommend dividing the money into several parts and saving in different currencies, for example, in dollars and euros, in this case the risks are minimal.

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