the Head of the Central Bank Elvira Nabiullina ruled out the possibility of a denomination in Russia. “We have everything in order with the denominations and a number of banknotes”, – said the Chairman of the Central Bank at a meeting of the Council for financial market development at the Federation Council. With the idea of spending the denomination of the Russian currency 100 times last week by a well-known analyst Alexander Razuvaev. In his opinion, the reform of the currency needed to stop the rampant growth of cash in the country and to strengthen confidence in the ruble. Financial authorities and other economists think otherwise.
the Head of the Central Bank sees no reason for Russia denomination. According to her, people can always use cash, and Bank accounts without restrictions.
Experts point to the critical volume of cash supply in the country, which is close to 12 trillion rubles.
In recent months against the background of a pandemic, individuals and the business cash account. Now on each Russian, including babies, accounts for 80 thousand rubles in cash, pointed out the head of IAC “Alpari” Alexander Razuvaev.
the denomination of the ruble 1 to 100 will help return respect to the ruble, to simplify calculations, says Razuvaev. The dollar will be worth 60-70 cents, the apartments will no longer be worth millions.
this has no connection with 1998 (was passed the denomination of the ruble) the analyst does not see. According to him, in favor of the currency reform now says the macro-economy and low inflation of 3%.
the criticism of Nabiullina, the author of the idea of a denomination said, “the Last word is for the Bank of Russia and the country’s political leadership. However, if the denomination is implemented, before the official announcement the decision will be kept secret”.
the arguments of the head of the Central Bank as opposed to the analyst agrees investment strategist “BKS the Prime Minister” Alexander Bakhtin.
“the Idea of a denomination does not correspond to current realities. Low inflation without jumps is not a reason for monetary reform. Low inflation allows Central Bank monetary policy easing. The rate of the national currency against the background of difficult external environment is relatively stable. The denomination does not solve the problem of sharp rise in the volume of cash in circulation: you need to work on the root cause, not the consequence. A denomination can cause a surge of uncertainty, to scare the population and push to increase cash in foreign currency as a way of protection,” warns our interlocutor.
“will not Panic: Russians understand that the denomination is a technical measure. Unusual is only that some time old and new money will go in parallel,” opponents said Alexander Razuvaev.
see also: Elvira answered the question about denomination
