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Friday, May 4, 2018

"Fire Panzer" Syria makes many "burning"

The US invasion of Syria and its British and French allies put the economy, as well as the geopolitical situation of the countries in the region and beyond all involved, in danger. Including Russia, Iran or Turkey ...

After the April 6 announcement of new sanctions against corporations, companies and government officials, the Ruble rallied sharply in early trade this week. Russia's RTS dropped 11.4 percent on Monday, the biggest drop in more than four years. Ruble dropped 3.7% to 60.3 rubles per dollar. The assets of the 50 richest entrepreneurs in the country have lost more than $ 12 billion in just one day. While Russian Prime Minister Dmitri Medvedev on Wednesday declared that the fluctuations in the economy remained under control, the Russian economy remained strong, but it seemed more tense. President Vladimir Putin's spokesman Dmitry Peskov said that the bearish outlook for the Ruble was only a reflection of investor sentiment. And central bank Governor Elvira Nabiullina reassures that there are no risks to the stability of the Russian financial market, even as the Ruble continues to depreciate against the US dollar and the euro. " But Nabiullina also said that additional US sanctions on Russia have led to a decline in the market, as well as increased instability, which required time for markets and markets. economic familiarity with this. Meanwhile, US President Trump has shown quite provocative when writing on Twitter that, when US air strikes Syria, will also be the time the Ruble continues to go down. This is a clear sign of a mild tie between the Russian economy and military actions in Syria. In Turkey, the Lira hit bottom on Wednesday (April 11), down to the lowest level of all time. President Tayyip Erdogan has accused unnamed elements from attacking the economy. "There are games being played on our economy. I call on those who attack our economy not to waste their energy, because you will not succeed, "said Tayyip in Ankara. In fact, a bigger war could have "defeated" Turkey, as the Turkish-based "Olive" campaign launched on Kurdish Kurdish forces in northern Syria. since January Meanwhile, the Iranian Rial is falling free. The Rial has fallen steadily over the past few months as demand for Iranian dollars soars, fearing the collapse of a nuclear deal with the United States and European powers. Last week was a nightmare for Rial, as it was reduced to 8% in just one day. On Monday, in order to prevent the currency from continuing its downward trend, after falling more than 30 percent in six months, the Iranian government has imposed a new exchange rate of Rs.14,000 per person Iran is forbidden to keep more than 10,000 Euros of cash outside its banking system. Speculators who continue to exchange Rial with cheaper rates will be prosecuted and individuals who violate the 10,000 Euro rule will face the risk of being accused of smuggling. In response to the Financial Times, an Iranian banking expert said currency devaluation would have serious consequences for the country's economy. "The volatility of the currency market will have a domino effect, push inflation and hurt domestic manufacturing and employment," the expert said. On the world oil market, this week, crude oil futures prices have set their peak since December 2014 due to instability pushed up in Syria. Experts said that world oil prices could soon jump to $ 100 per barrel in the context of Syria today.

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