This week, the ruble fell very sharply against the main world currencies, but then managed to win back a little. Well, the Central Bank of Russia raised the key rate to 12%. Moreover, other extraordinary meetings of the Regulator’s Council with similar decisions are not excluded.
But on the website of Sberbank in the middle of the week they were still lured by a mortgage rate of 11.7%, albeit with the addition “from”. The truth is “before” which the bankers did not indicate.
Iran has overtaken Russia as a supplier of oil to the Chinese market. China bought a record amount of Iranian products, bringing the volume of imports to 1.5 million barrels daily.
Tehran made a timely fuss with local grades of oil, which are traded much cheaper than the Brent standard. Market experts also report on the tricks of both sides – in China itself, importers pass off Iranian oil as a bituminous mixture, fearing the wrath of Washington with its sanctions.
Honey production in Russia is growing. Russians eat it more and more – already about 0.5 kg annually.
The title says it right – “not life, but just honey.” Moreover, the Bashkirs with their honey standard will soon be moved by beekeepers from the Voronezh region. Production here is growing at a record pace. But isn’t it harmful? Let’s count. We divide 500 grams by 365 days, we get 1.37 grams per day, that is, about a third of a teaspoon without a top. Nutritionists approve?
Washington can offer Kyiv to send the grown grain not through the Black Sea ports, but along the Danube. At this time, Erdogan is trying to return Moscow to a deal that is beneficial for Ankara.
It is worth remembering the old paintings and films, where wood was rafted along the rivers. It may be worth adapting the proven method of river transportation and delivering Ukrainian grain simply in bulk.
But back to the decision of the Central Bank to raise the key rate – many experts believe that the regulator simply abdicated responsibility and decided to shift the focus to the greedy population with its many needs.
Every time the Central Bank explains or decides something, the media report one thing – everything is fine, everything is calm, everything will be even better. And in 2024, inflation in Russia will be about 4% against 58% in the same Turkey.
But who is to blame for the huge exchange rate? The official version is as follows – Russians consume so much and spend so much that domestic production cannot cover all demand. Therefore, you have to buy something foreign, so the rate increases.
The Central Bank of Kazakhstan presented its own digital currency project following Russia.
The project is chic, the project is advanced. But, as the poll shows EADaily, most of the population simply does not know what to do with such rubles. For the layman, they are like money from Monopoly.
Mayonnaise is getting more expensive – retailers already know about it, consumers will soon feel it.
The paradox that mayonnaise is going up in price against the backdrop of falling prices for vegetable oil, for many ordinary people is similar to the chain – “oil is getting cheaper, and gasoline is getting more expensive.” Perhaps the Russians, having eaten a teaspoon of Bashkir honey, will soon search the Web for recipes for cheaper homemade mayonnaise.
A new case for Russian and Belarusian hackers is hacking software for Mercedes cars.
The Germans disconnected Russian dealers and service centers from proprietary software. What to expect now? Firstly, the Russians will once again check whether the vaunted German quality still exists. Secondly, hundreds of domestic IT specialists will find a job for a couple of years, they will not miss the updates of the Mercedes software for anything.
EADaily throughout the week informed readers about the trading of the world’s leading currencies and the Russian ruble. The dynamics can be traced in the publications:
· about the exchange rate of the ruble in euro, dollar and yuan – 14.08 15.08 16.08 17.08 18.08;
· about the trading of the Chinese yuan against the ruble, euro, dollar, pound sterling and Swiss franc – 14.08 15.08 16.08 17.08 18.08;
· on the relationship between the ruble and the currencies of the member countries of the Customs Union – 14.08 15.08 16.08 17.08 18.08;
· Lira exchange rate from Turkey, where inflation expectations of the Central Bank have already exceeded 50% – 14.08 15.08 16.08 17.08 18.08.
You can see the dollar exchange rate online at this chart.
Romanova Anna
2023-08-20 05:00:00
#Central #Bank #blame #grain #Danube #ketchunez #economic #results #EADaily #EADaily
