Spotlight: Reality of the rouble

Today we'll be talking money. Russias rouble has lost nearly 40% of its value in just over six months, reflecting the collapse in oil prices and the gloomiest global economic outlook in a decade. Will the fall continue? What does it mean for the Russian economy? Well be talking about it with Sergey Aleksashenko, Former Deputy Chairman of the Russian Central Bank and director of the macroeconomic research at the Higher School of Economics in Moscow.

Category:

News & Politics

Tags:

• money
• rouble
• value
• collapse
• oil
• price
• economy
• Russian
• Central
• Bank

[smalltime0]

USA is in trillions of dollars of debt... they dont have any money saved

[Simirial]

The Bankers are making a run for total world control, if they succeed in the next 1 or 2 years to beat down all the major currencies of the world, they will propose the only way to fix it is a single world currency, exactly what they have always wanted.

[1XMarksSpot]

Who owns the Russian Central Bank? The Russian government or the international banking cartel?

[chairde]

Today, January 28, 2009 the US dollar is worth 32.95 Russian rubles. This is because the Russian economy is an oil based economy and there is a surplus of oil in the market. Once President Obama puts his energy plans to operation the Ruble will continue to fall. Electric cars, plug in hybrid cars, windmill, solar energy and such will make things worse for Russia. Only natural gas to Europe will keep the Ruble afloat.

[mattlewis66]

I think Russia should become a province of Ukraine and have democratic elections. This will help them diversify and get over their "victim of the West" complex. Kiev is after all the ancient capital of Rus.

[theblackBay]

Yes each system as to solve it's own issue, but we don't hear bout the obvious pressing question ....the solution....while each system is unique and different to the degree they are different they are financially 70 to 80% the same, so a similar solution with a different degree method will work.

the issuance system needs reform if it dose not get reformed the default is the only answer, default then reset then the game begins again. we keep bying it?

[averageworkinggal]

These numnutzes here are clueless.

The value of the rouble has fallen because investors view it as way overpriced given the collapse in energy prices and thus demand for the rouble collapsed.

There is noit much the Russian Central Bank can do except buy up roubles to reduce the supply of roubles or just let the rouble fall with energy prices until they bottom..

The way to support the rouble is to diversify the russian economy.

[agfigueroaa]

Rusian mafia works in the same way than any other mafia in the world.

[pumaman1]

Sergey Aleksashenko is nothing but an apologist for the central banking system & their international owners.

Russia needs to get out of the International Fractional reserve debt-based Banking system by retiring the Russian Central bank.

They need to start printing their own debt-free money & have an open committee oversee that money supply is always increased slowly according to population growth.

The clandestine global enemies of Russia are driving down the price of oil to hurt Russia.

[cromespyder]

russia does, uk and usa dont have money at all.