Deputy Chairman of the Central Bank

We are satisfi with the course of devaluation, but list to data this is something we are constantly monitoring. So far, the measures taken in this area are sufficient.

Vladimir Chistyukhin believes that forex services are similar to financial pyramids, despite the fact that they are regulat by law: “Statistics show that no matter how much foresight you have and how well you understand the financial market, your account is wip out.” At the end of December, the Central Bank revok the licenses of five out of nine participants in this market and plans to restrict citizens’ access to forex services. Who is the main audience of forex dealers and how big is the problem of “black” forex operators, he told TASS in an interview.

The Bank of Russia has revok the licenses

of five major forex dealers, as they us the license, among other things, to attract clients’ funds to foreign jurisdictions. Do you think that the companies remaining on the market do not do this, and how can this be monitor?

Violations of securities market legislation

were found in the activities of five companies whose licenses were ultimately revok. In addition, they were actually a kind of springboard for attracting the experiences you have as a customer with your employer? Russian citizens to conclude contracts with foreign companies with similar names – as we believe, with affiliat persons. Of course, when revoking licenses, we took into account the companies’ approach to doing business, took ao lists into account the so-call behavioral part – to whom and how they offer services. In cases with other forex dealers, we did not find such a systematic practice.

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