Elvira Nabiullina, Governor of the Central Bank of the Russian Federation, said at the conference “10 Years of the Megaregulator: Yesterday, Today, Tomorrow” that cash flow to Russian banks now exceeds demand. In this respect he is writing Business FM.
The radio station’s correspondents called several switchboards in Moscow to find out how things were going with the cash. Publishers on four exchanges were told that both dollars and euros were available. However, only 800 € left, for example, at the exchange office on Arbat, 1,750 € on Baumanskaya and no more than 5,000 € on Ivan Babushkin Street. A pre-order is required for large amounts such as €20,000. .
Exchanges noted that the currency was demanded by the Russians.
Stockbroker “BCS World of Investments” Dmitry Babin said “socialbites.ca” shows that the current exchange rate of the ruble against the dollar and the euro is an inflow of foreign currency into the domestic market. The expert explained that the supply of foreign currency in Russia has increased, given that it has not accelerated the decline of the ruble after the end of the tax period, as in the previous few months.
on the eve of Nabiullina statedHe said that the measure to return the forced sale of foreign currency earnings by Russian exporters will not have the expected effect. He noted that local businesses derive most of their export earnings in rubles. Also, if the exporter sells some of his foreign exchange earnings, he can get it back the next day. The head of the Central Bank summarized, therefore, that the balance of money supply and demand remains unchanged.
Formerly socialbites.ca named Now here are five ways to send dollars and euros abroad.