Source Pravda.Ru

Growth of ruble credit rates triggers dollar rate decline

In the first half of this morning's US dollar session, the weighted average exchange rate amounted to 31.77 RUR/USD, thus easing back by RUR0.02 as compared to the previous level. Commercial bank dealers link the decrease in the dollar rate at the UTS to a certain deficit of ruble resources on the market and a deterioration of the situation with ruble liquidity.

As commercial bank specialists reported to RBC, this morning one-day ruble credit rates reached 15 percent, which was actually equal to 60 percent, the three upcoming days-off taken into account. Meanwhile, as recently as yesterday night, one-day ruble credit rates did not exceed 8 percent. The credit rates have thus almost doubled over a very short term.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
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