Valery Kruhavy: Ruble strengthens? What nonsense!

• 22.09.2011, 11:03

The Belarusian ruble is being strengthened artificially – with the help of a telephone call.

The market exchange rate of the Belarusian ruble against the dollar and the euro is gradually reaching the official rate as a result of extra sessions at the Belarusian Currency and Stock Exchange.

What is the secret of the Belarusian currency resuscitation?

A former head of the Belarusian Currency and Stock Exchange, Valery Kruhavy, is convinced that the secret is administrative interference.

“They offer the price they have been ordered. This is manual control. The trade volume at these extra sessions is miserable. This is an indirect evidence of administrative regulation. The Belarusian ruble is reported to grow, while the dollar is falling. That’s a laugh! The dollar is rising around the world. It’s the second wave of crisis. The dollar goes up everywhere, except tiny Belarus. What can be added here? One does not need to be an expert to make a conclusion that this is nonsense. This is unveiled administrative regulation. Unlike other countries, where administrative control is executed by adopting laws and orders, we still have the telephone justice. The same old telephone justice, but in economy,” the expert said in an interview to Radio Svaboda.