Russia returned the ruble to pre-war levels, but paid a high price

02 April 2022, 10:54 | Economy 
фото с Зеркало недели

Russia managed to return the ruble exchange rate to the pre-war level (about 80 rubles per dollar). However, the price of the exchange rate is not currently market and does not indicate the stability of the economy.. And a high price had to be paid for the depreciation - a ban on the purchase of dollars for the population and almost complete isolation in international financial markets. This is reported by the Financial Times..

Oil and gas revenues helped stabilize the ruble as exports continue to flow to Europe. In addition, there were restrictions. Russians are prohibited from transferring money to their own accounts in foreign banks, withdrawing more than 10,000. dollars and tons.

The central bank also doubled interest rates to 20%. "

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According to Maggio, foreign investors, many of whom are effectively trapped in holding Russian assets, cannot transact in this market, and banks outside of Russia have virtually ceased to indicate the exchange rate of the dollar against the ruble.. "

Источник: Зеркало недели