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Putin exchange rate Ads banned

For tourists in Russia, it is convenient: you will see on the roadside, how many rubles you will get for your currency. These tablets with the prices are now to disappear. But what's behind it?

The luminous Figures on the exchange in Moscow a kind of fever thermometer of the Russian economy are offices. Like a lot of rubles to get the Russians to the U.S. Dollar or the Euro? The Russian President Vladimir Putin wants to banish these panels from the streets.

Since a few days, such a ban – and now this will disappear with Pay-studded signs more and more out of the field of view of the Russians. Officially, the authorities want to combat Stuben with this regulation, illegal exchange. Critics believe that the condition of the weak economy is supposed to be hidden.

exchange rates in banks

the courses of the Dollar and the Euro on flashing on the streets. In the future, people want to know but only in banks, how much the ruble is worth it. The credit institutions are not allowed to display the exchange rates even outside of their facades.

In Newspapers, Online portals, or in Apps, they can be found. The Russian business newspaper "Vedomosti" not scoffed: "This prohibition is effective, ( ... ), there is still the Internet."

For the President of the Russian banking Association, Anatoly Aksakov, was this step, however, is long overdue. Russian media quoted him with the words, the signs on the streets would be mapped in the population, "a wrong opinion on the Situation of the exchange rates". Now, people no longer "have to compulsively on foreign currencies focus".

Vladimir Putin wants to lure more foreign investors into the country. (8. January 2019) image: Alexei Druzhinin/Sputnik/Kremlin/AP/Keystone

financial expert Alexei Mamontov sees it more nuanced: "Moscow is a huge tourist center, and tourists will be much more convenient, the courses of exchange offices on the scoreboard to see."

According to the German-Russian chamber of Commerce abroad (AHK) is the Initiative of the government, primarily to private customers and small investors. "The German heads of companies to keep the exchange rate even without the signs on the road very carefully in view, because of the volatile ruble is a risk factor," says a spokesman for the chamber.

the ruble on a downward slide

sanctions imposed by the US and EU due to the Ukraine crisis, and the poison attack on the Ex-Russian agent Sergei Skripal – set the economy for a long time under pressure. Several Russian Newspapers charged that the ruble has lost in the past year against the US Dollar by 20 per cent in value, to the Euro by 14 percent.

"For the population of the rouble means a weakness of only one thing: an increase in the prices in the shops," analyzed the newspaper "Novaya Gazeta". Only with the beginning of the year the VAT was increased from 18 to 20 percent. Fuel producers have to pay more taxes. It is expected that motorists will need to grab at the end of deep in the pocket.

Putin wants more foreign investment

Kremlin chief Putin announced at a Meeting with German firms bosses in the late autumn, want to have more foreign investors into the country to entice and stimulate the economy. To observe is that Russia is trying since a Long time, to detach itself from the Dollar and transactions in rubles or other currencies.

"We have reduced our investments in U.S. government bonds strong," said Prime Minister Dmitry Medvedev recently. This was a result of "aggressive and, frankly, often stupid U.S. economic policy".

Until the end of October last year, had grown the economy by 1.7 percent. For comparison: In Germany, the gross domestic product (GDP) grew by 1.5 percent. The chief of the Russian court of auditors, Ex-Finance Minister Alexei Kudrin said in November that his country's economy had fallen in the past few years in a "stagnation hole".

truth disguise

With the ban of the illuminating exchange rate-to be paid to the roads should not be led to the Russians this is the truth about the state of the economy so easily in front of eyes, as several psychologists in a survey of the newspaper "Otkrytaja Gazeta" said.

The people would live without this scoreboard quiet. "Of course, will be announced in the TV news, currency exchange rates, but almost nobody pays any attention to you. The display is hard to miss are the boards."

In comments posted on the Internet is mockingly noted that the ban is a kind of psychotherapy that would get the Russians with the new year their government committed. The next step could be: "it prohibits price tags in the shops."


Created: 17.01.2019, 16:28 PM

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