- Sensational news – the US Treasury changed its anger to mercy and allowed the MICEX to trade in foreign currencies until October 12. This opportunity was also provided by the under-sanctioned National Clearing Center (NCC) and the National Settlement Depository (NSD). According to some experts close to the Central Bank, the least likely motive for such a decision is the desire of the US to restore the power of the dollar in Russia, although similar results cannot be ruled out as a side effect.
2. The real reasons – global currency and raw material speculative groups, which include, in particular, the global investment conglomerate BlackRock (assets of $10.5 trillion, 4 annual GDP of the Russian Federation, got rid of income from operations on the MICEX with subsequent withdrawal through the NCC and NSD to offshore headquarters in New York, close connections on an interpersonal level with the banking and financial elite of the USA).
3. The scale of their activity is evidenced by the statistics of trading on the MICEX for dozens of years until its termination in June by the decision of the United States: only for dollars and euros – up to 300-400 billion rubles. for a day. On such a scale, the minimum deviation made it possible to obtain a daily profit of 10-15 billion rubles using the developed methods, while manipulating huge capitals to influence the results of trading. The potential of global currency speculators can be judged from the trading on December 16, 2014, when hour, they raised the dollar rate from 58 to 80 rubles, despite the massive currency intervention of the Central Bank, and received at least one and a half to two billion dollars in profit from the subsequent exchange rate reversal. This gave rise to the decision of the Central Bank headed by Nabiullina, referring to its own helplessness in front of the “mechanisms of the market”, to abandon control over trading, which enabled powerful players to carry out currency speculation almost without restrictions, shaping the course in the interests of business partners who control the world commodity markets.
- The US decision to abandon the ban on dollar trading was apparently agreed with the heads of the Ministry of Finance and the Central Bank at the G-20 meeting in Rio de Janeiro. This assumption is confirmed by the fact that the Central Bank did not mention the participation of Polyakova, Nabiullina’s deputy, as an authorized representative in this event. The decision of the MICEX to close the information on the trading results is also significant. By them, it would be possible to judge not only the scale of operations, but also the composition of participants, by which it would be possible to trace their connections and directions of profit withdrawal.
- The degree of influence of international currency and commodity speculative groups on the Central Bank can be determined by the reaction to the lifting of the trading ban. It is within the authority of the regulator to refuse the “Trojan gift” of the US Treasury and to preserve the current order of over-the-counter determination of the dollar exchange rate. However, this is unlikely to happen if we take into account the declared priorities of the leaders of the banking and financial sector. As a result, withdrawal of currency abroad will be resumed in full, including dividends of the domestic oligarchy in all forms. Also, the profit of domestic intermediary banks in these operations will increase significantly, compensating for a certain slowdown compared to 2023.
