Rush is expected in exchangers: Russians will run to buy currency

Stock market crash means nothing

News from the republics of the LDNR, Kherson and Zaporozhye regions about the desire to join Russia caused a collapse in the stock market of the Moscow Exchange. Among the leaders of the decline are 6 leading Russian companies, so to speak, sharks of capitalism. Their securities fell by 5.2-7.9%.

Thus, the market reacted to the announcement of referenda on part of the liberated territory of Ukraine on joining Russia.

But our ruble-well done again resisted and did not cave in before any referenda. Weakened against the dollar by only 4 kopecks, and against the euro – by 13 kopecks.

We asked Mikhail Belyaev, an independent financial analyst, Candidate of Economic Sciences, to comment on the situation on the stock market.

– Why did the stock market suddenly collapse, so to speak?

– Some shareholders of companies suggested that the possible accession of territories will affect the regime of holding securities, the use of dividends and decided to get rid of them as soon as possible. As a result shares and collapsed in price.

– Does it affect the state of the country’s economy or the real life of ordinary citizens?

– To a certain extent, papers reflect the state of the economy. But they “live” quite autonomously, on their own. This is not a consequence of the fact that the company’s financial situation has deteriorated. It has worked and will continue to work – in the same mode and with the release of the previous products.

I will say this: for the economy and for us, the current fall in the stock market is like nothing. The stock market will soon recover, its “collapse” did not affect the production potential of companies.

– In connection with the latest events, panic may begin among the Russians, tomorrow, for example, everyone will run to the exchange offices to buy currency?

“Maybe they will run if they haven’t learned anything, if they don’t listen to the experts’ words and don’t know how to draw conclusions on their own. When you buy a currency, you always need to know – for what purpose? You won’t be able to take her out. Resell? But if you lose on the exchange rate difference, the purchase price of the currency will be higher than the one at which the bank will accept you.

It makes no sense to stock up on dollars or euros. The ruble exchange rate is stable, market. This is confirmed by the fact that the news from the republics of the LDNR did not affect him in any way. But if you live by the principle – everyone ran and I ran, bought it – these are your personal problems.