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Mix-Ansicht- Russland vor 2. Default - mguder, 18.12.2001, 18:07
- Re: Russland vor 2. Default - Emerald, 18.12.2001, 18:41
Russland vor 2. Default
The Ruble Is Falling Down at a Rate of 10 Kopecks a Day (Nezavisimaya Gazeta)
At such a rate Russia will fall into a new default
by Yekaterina Vlasova, Yelena Lashkina
issued on 18.12.01
[printable version]
Default may hit Russia already this winter. This disaster may be caused by a ruble collapse. Already today one dollar costs 30 rubles and 30 kopecks. The dollar jumped by 35 kopecks within one week, from December 10 to 17. At the same time the gold and currency reserves of the Central Bank of Russia have been reduced by $2.5 billion. If the decline goes on at such a rate, a new default lies in store for us by the end of this winter.
To be sure, to some extent the devaluation of the ruble will have a good effect on the Russian economy, but analysts are increasingly concerned over the speed at which the Central Bank wants to conduct such economic improvement. Ever more economists say it is not the Central Bank that controls the process - it is the process that controls the Central Bank, which makes immense dollar interventions each day to prevent a collapse of the ruble.
So far, the Central Bank's reserve is quite sufficient, despite the currency interventions, thanks to high oil prices in the first eight months of this year. But now that the prices of oil, the main source for the Russian budget, have gone down to the disastrously low level and are unlikely to return into a"fair," as Prime Minister Kasyanov put it, corridor, Russia's gold and currency reserves will not be replenished.
Ich denke, Ihr erinnert Euch noch an das Default von 1998.
Gruß
<ul> ~ http://www.therussianissues.com/headlines/2001/12/18/1008665765.html</ul>
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