The imposed sanctions are beginning to affect the lives of ordinary people. This is especially noticeable in the level of food prices. The rise in prices in stores leads to a decrease in purchasing power and, as a consequence, to inflation. Why is the ruble getting cheaper? How are we going to live next year? These and other questions worry many Russians.
The main reason for the depreciation of the national currency is the weak Russian economy. Most of the goods to Russia come from other countries. After the imposition of the sanctions, the number of imports dropped sharply, which led to a deficit and an increase in the prices of related goods. Weak own production, lag in the development of new technologies, the presence of corruption - all this has an impact on the economy.
The ruble continues to move down against the dollar. The main reason for the decline is the oil price. The drop in oil prices from $ 106 to $ 66 per barrel reduced the oil companies' revenues, which led to a shortage of dollars in the market, which Russia has nothing to fill in. As a rule, high demand with low supply leads to higher prices.
The physical shortage of foreign exchange has been exacerbated by the sanctions. The ban on foreign financing for Russian companies and large credit debts to the West led to an increase in the demand for foreign exchange in the market. In order to pay off debts, firms are forced to buy up currency on the stock exchange at inflated prices, where there are not enough dollars anyway. This further caused the ruble to fall.
The sharp rise in the exchange rate led to the panic of the Russians. Many rushed to banks to exchange their rubles for dollars. An unstable economy, unfavorable forecasts and unpredictable domestic policies have led to capital outflows. All of these factors led to a sharp increase in demand for the currency and, accordingly, the growth of the dollar and the fall of the ruble.
In the near future, it is necessary to prepare for a decrease in wages, the loss of their ruble savings and an even greater rise in prices. According to analysts' forecasts, the 2015 crisis will be significantly worse than the 2008 crisis. Therefore, there is no need to spend all the money now in fear that later everything will be more expensive.
To defend against the crisis, it is necessary to prepare and create a financial safety cushion. The right solution to preserve your capital is to diversify your funds. The money needs to be distributed and invested in several financial instruments. These are precious metals, PIFs, deposits and currency.
For many, the crisis is a means of increasing their capital. Buying everything that is sold cheaply and then selling it. This is where knowledgeable investors make their fortune. Therefore, the sooner you start saving money, the better. Save 10% per month of your income, improve your investment knowledge. And then any crisis will not be terrible.
