Ksenia Yudaeva, First Deputy Governor of the Central Bank, said that the depreciation of the ruble was mainly due to the decrease in the trade balance. DEA News.
According to the expert, a significant decrease was recorded in the current account balance compared to the previous year. Yudaeva noted that this was due to lower export earnings due to lower raw material prices. However, the representative of the Central Bank pointed out that imports also recovered on the ground of economic growth.
The expert pointed out that in the past year and a half, the structure of the foreign exchange market has changed significantly: the yuan market has become the leading market, while the liquidity of the dollar and euro markets has decreased.
Last week, the ruble fell sharply. US dollar exchange rate on the Moscow Stock Exchange on July 4 rose It exceeded 90 rubles for the first time since March 28, 2022.
On the morning of June 30, the exchange rate of the Russian currency traded on the Moscow Stock Exchange was above 96 rubles. for the euro. Growth since the beginning of the session it was more than one percent (+1.21%).
former Central Bank declaration about a possible increase in key rate.