The Central Bank of Russia estimated foreign currency sales volume by population at ₽44.4 billion in July due to the depreciation of the ruble. This is specified published regulator that reviews the risks of financial markets.
According to the regulator, most of the sales took place in the first half of the month when the dollar rate exceeded ₽90.
In general, the Central Bank states that the ruble depreciated by 2.3% against the dollar in July. At the same time, weakening is considered insignificant compared to the 10.4% drop in June.
Most of the currency was sold by citizens through the largest banks – ₽28 billion, with ₽16.4 billion sold over the counter.
“The structure of the foreign exchange market continued to change in the direction of increasing the share of friendly country currencies. The share of the yuan in the foreign exchange market increased from 39.8% in June to 44% in July, marking a new peak in the Russian market.” – The share of “toxic” currencies in the foreign exchange market fell from 58.8% (June data) to 54.4%.
In the over-the-counter market, the situation was reversed, with “toxic currencies” rising from 18.4% to 19.2%.
At the same time, operating foreign exchange earnings reduced sales volume. The share of foreign exchange sold by exporters decreased from 88% to 84% in May.
Recently Analyst in the open Reasons for the depreciation of the ruble.
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