Bloomberg: ten currencies are close to devaluation

The depreciation of the ruble particularly affects the post-Soviet countries that have close trade ties with Russia, writes Bloomberg. For example, experts consider devaluation of the Armenian dram possible. Over the past year, this currency has lost in the price of 15%, while the fall of the ruble has amounted to 46%.

The fall of Kazakhstan tenge may adversely affect the currencies of Tajikistan and Turkmenistan. In the case of the Turkmen manat, the Swedish SEB predicts a decrease in its value by 20% in the next six months. Tajik somoni may fall to 10 – 20%. Expects Bloomberg and the fall of the Kyrgyz catfish.

It is also possible reduction of the rial - the currency of Saudi Arabia. Bloomberg indicates that the authorities of this country have enough reserves to keep the course, but speculators are able to bet on the fall in oil prices. The same reason may lead to a 20% reduction in the cost of Nigerian naira.

In a number of countries, devaluation is possible for political reasons. For example, Bloomberg believes that the unstable situation in Egypt could lead to a fall in the Egyptian pound rate by 22% in the coming 12 months. Problems also await the Turkish lira due to the possible holding of early parliamentary elections in this country.

Zambia’s close foreign trade relations with China may affect the national currency of that country - kvachu, and a decline in foreign exchange reserves will adversely affect the rate of the Malaysian ringgit, which has fallen to its lowest level in the last 17 years.

Bloomberg also predicts the fall of Ghana’s cedi currency. The reason is called a whole complex of factors - a fall in oil prices, a sharp rise in inflation, as well as an increased external debt.

On the eve of the Kazakhstan tenge rate decreased by 26%. At the beginning of trading on Friday, this currency only slightly won back its positions.