Alexei Zabotkin, Deputy Chairman of the Central Bank of the Russian Federation, admitted that the Russian ruble can be the most attractive currency for foreign economic settlements. In this respect informs Hit the lining.
“If we succeed in a monetary policy focused on price stability – which we are sure will happen – the Russian ruble will gradually become the most attractive tool for foreign economic deals,” Zabotkin told reporters.
According to him, paying in rubles will help minimize currency risks in Russian trade.
April “Financial Markets Overview”The Central Bank, published on May 11, recorded a decrease in the foreign exchange sales volume of Russian exporting companies. The document says that sales fell by 42%, reaching $ 7 billion. One of the reasons for the decline, the regulator called the increase in the share of settlements in the Russian ruble.
“Ruble revenues are used directly to cover a portion of ruble expenditures, which reduces the volume of potential foreign currency sales in the market to finance them,” says the review.
The ruble has depreciated against the dollar since the beginning of 2023. At the lows of January, about 67 rubles per dollar were issued on the Moscow Stock Exchange, and in April the local maximum was recorded above the mark of 83 rubles. According to the Moscow Stock Exchange, on May 29 at 18:59 Moscow time, the dollar costs 80.83 rubles.