The Ministry of Economy of Russia is worried and believes that the strengthening of the ruble has already reached its limit. Russian media write about this with reference to statements by representatives of the ministry.

“According to our estimates, now the strengthening of the ruble is at peak levels. Imports, capital flows will adapt to new conditions. An important role in these processes should be played by the further reduction of the key rate by the Bank of Russia,” the ministry said..

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Exporters are paid in foreign currency, and importers who used to actively buy foreign currency to pay off foreign counterparties do not need it now. That is, supply is higher, and demand has collapsed.

The exchange rate is now far from reality. Now you can get dollars and euros either by buying them in an exchanger (they are far from being sold in all and at an unfavorable rate), or by swiping through a crypt, or " This also reduces the demand for it..

Having bought currency in an online bank, it cannot be used until September 9 (you can withdraw it, but in rubles).

At the same time, the gap between the exchange rate and the rate in online banks is now much larger than before..

By the way, the head of the constitutional committee of the Federation Council Andrey Klishas last week called the condition under which it would be possible to declare a real strengthening of the ruble. According to him, it will be possible to talk about a real strengthening of the ruble only when the Russians can freely buy cash currency at the exchange rate..

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Recall that from May 21, the NBU lifted restrictions on setting the rate at which banks sell cash currency - until now, it could not deviate by more than 10% from the officially set by the regulator.