Medvedev calls to resolve problems with currency

Prime Minister Dmitry Medvedev said about how the government will work in connection with the collapse of the ruble. He stressed that the resources for solving financial problems in power there.

Taking into account the opinion of the Prime Minister of the Russian Federation Dmitry Medvedev is not necessary to establish firm regulation of the foreign exchange market in the country. In connection with the collapse of the ruble, he held a meeting with the financial and economic block of the government, the management of the Central Bank, the heads of the major firms in the energy and metallurgy, where he voiced the format of the subsequent government action in this area.

The situation, which was formed on the currency market, according to Medvedev, is not suitable for any investor, but to resolve it exclusively market-based methods. "Anyone, our masters, neither banks nor the real sector does not need such instability, but at this point there is no sense to enter and the most strict regulation of this sector, which was in a particular period. It does not useful leads. We believe that these actions should be based on market mechanisms", - quotes RIA Novosti Dmitry Medvedev.

The Prime Minister gave a list of concrete steps, which it expects to take to the normalization of the financial situation. "We plan to make several decisions, including the increase in the money refinancing of banks, ensuring the balance of demand and supply of currencies, increasing the provision of monetary liquidity in the case of providing," said Medvedev.

Besides all of that, not the last role is played by the fact that the price of the ruble fell away from these characteristics of financial development of the state. "Now claim that the ruble is undervalued, its rate at the auction does not reflect the state of Affairs in the economy," the Prime Minister said. With all this negative reasons, which really affect the value of the ruble, Russia does not depend.

"Of course, we are faced with the tasks and challenges that are associated with the 2 main factors, it is well popular by factors that do not depend on our power. This prolonged reduction of tariffs on crude oil and other raw materials and negative foreign influence. I mean punishment. Still money markets for our banks, our companies are actually closed. Naturally, the ruble is not able to not pay attention," explained Dmitry Medvedev.

The exchange rate of the ruble increased unsubstantiated and very sharply, he said. "The values that we see in the exchange offices over the past few days, they are not suitable impartial picture and unsubstantiated beyond the facilities for the economy," he said. With all of this, those who succumb to panic moods themselves often put themselves at a disadvantage.

At the meeting with the financial and economic block of the government, the authorities of the Central Bank, the heads of the largest firms in the energy and metallurgy Dmitry Medvedev recalled that the country has enough resources to solve financial problems. "Colleagues, all financial and operational goals that you set for yourself to achieve them cash resources in our country, you know. There is need of market instruments to provide appropriate", - he reminded.

sections: Economics