In Russia, the ruble exchange rate has returned to pre-war indicators. Why?
20.11.2024 In Russia, the ruble continues to strengthen for several days in a row. Today, during the auction, it fell below 77 rubles for the first time since February 21.
Euro — 84 rubles for the first time since December 30. That is, the rate has rolled back to the pre-war level and even lower.
Experts call such reasons:
high prices for gas and oil continue to persist,
foreign investors are prohibited from withdrawing funds from the Russian stock market, other restrictions on withdrawing funds from the country have also
been introduced, and many countries and companies have imposed an embargo on the export of goods to Russia (respectively, imports to the Russian Federation have sunk significantly),
the introduction of mandatory sale of 80% of foreign exchange earnings by exporters,
very serious restrictions on the purchase of foreign currency.
The last factor is very important.
Back in March, a ban on the sale of cash currency to individuals was introduced. This measure of the Central Bank will last at least until September 9.
Now Russians cannot legally buy a dollar in cash. It can only be purchased online — on the stock exchange with a 30% commission or in bank applications. Now 1 dollar in the online service "Sber" costs 84.61 rubles.
You can withdraw funds from an account of up to 10 thousand dollars (per year per person) from a bank branch. To withdraw the remaining funds from foreign currency accounts, they need to be converted into rubles.
Cash currency can only be bought from money changers on the black market. There, the exchange rate fluctuates around 100 rubles per dollar.
We also recall that Russia inclines the European Union to buy gas in rubles. The White House said that each country decides for itself whether to pay it in rubles for Russian gas.
At the same time, the Ministry of Finance of the Russian Federation refused to fulfill its obligations on Eurobonds in rubles. Russia may default on May 4. автор (author): ARTROSTRA
