Alexei Zabotkin, Deputy Governor of the Central Bank of the Russian Federation, said that the ruble weakened as the “bottom point” of export earnings stretched due to the decline in early 2022. Zabotkin announced this at a meeting of the working group in the State Duma. TASS.
“The weakening in the exchange rate is a result of the fact that we have now passed the bottom point in the receipt of export revenues due to the decline at the beginning of the year. More dynamics will be smoother,” he said.
Earlier, at the beginning of May 2023, residents of Russia to wait a significant increase in the rates of the world’s leading currencies against the Russian currency. For example, according to citizens, by May the US dollar will strengthen to 83.6 rubles, and the euro – to 91.1 rubles.
US dollar exchange rate at Moscow currency auctions on April 7 rose up to 83,0437 rubles. For the first time since April 6, 2022.
Russian authorities to wait Vedomosti wrote dollars on April 5, which is 77 rubles at the end of 2023. The publication reported that this range is fixed in the Ministry of Economic Development’s latest estimate of socio-economic development.