The strengthening of the Russian currency, which has been observed recently, was facilitated by the growth in the supply of foreign currency on the market. However, this may end as early as next week, Russian media write with reference to analyst Bogdan Zvarich..
According to him, exporters, in preparation for tax payments, which peak on April 25, showed additional demand for ruble liquidity, which will be used to pay taxes on Monday..
Given the weak demand for the currency, caused by a decrease in imports due to the disruption of supply chains, increased supply led to a significant decline in the dollar and euro against the ruble. So, the dollar / ruble pair retreated to the area of \u200b\u200b73 rubles during this decline..
But already within the next week, the main world currencies - the dollar and the euro - may begin to recover.
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He summed up that the target of this wave of growth could be the area of \u200b\u200b85-90 rubles per unit of US currency..
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Earlier it was reported that Russia could go into default very soon. If payments on foreign currency bonds in foreign currency are made before May 4, then the default will be “cancelled”, but immediately it will be necessary to think about the next debt repayment (May 25).
What happens after the default? The Russian Federation will be forced to decide something with its debt and negotiate with creditors. If he does not want to repay the debt and agree on refinancing, then he will be waiting for the arrest of state assets, courts, restrictions on investments, etc..