Rus News Journal

The currency auctions in Moscow

the Rate of exchange was temporarily stabilised

At the next auctions of the Moscow interbank currency stock exchange on November, 19th a dollar exchange rate has been fixed at level 448 rbl./ dollars Thus, exchange quotations have not undergone changes in comparison with last auctions on November, 17th.

Last auctions at the Moscow interbank currency stock exchange, passed on Thursday, have confirmed the forecast of experts (the weekly appendix to #41 see, p. 7) about probability of jump of a market rate of dollar this week (on November, 17th) then exchange quotations of sharp fluctuations will not test. The dollar exchange rate at the auctions has not changed on November, 19th, having made 448 rbl./ dollars Thus initial demand at the auctions has decreased in comparison with last auctions for $36,837 million and has made $41,6 million, and the currency offer having decreased on $14,22 million, has made $40,43 million As a result excess of initial demand over the offer at the auctions was on November, 19th insignificant for the Moscow auctions - $1,17 million Experts notice all what to keep a market rate on a mark 448 rbl./ dollars the currency intervention spent by the Central bank has allowed. At this course it has been sold $41,55 million
Under the information received from bank circles, the Central bank in aspiration will not admit rouble exchange rate falling for a mark 500 rbl./ dollars on - former to pursue a policy, directed on regulation of the rate of exchange. However, experts of a stock exchange consider that stabilisation of a market rate the phenomenon time.