It became clear how much the Russians reduced their foreign exchange purchases 09/04/2023, 17:55

According to data from the Central Bank of the Russian Federation, Russians sharply reduced their foreign exchange purchases in the second quarter of 2023. Citizens’ net foreign exchange purchase volume was ₽62 billion, compared to ₽256 billion in the first quarter. This is reported in the section “Overview of key indicators of professional participants in the securities market”, published On the website of the Central Bank of the Russian Federation.

The decline occurred against the background of the weakening of the ruble. At the same time, net dollar sales on the Moscow Stock Exchange amounted to ₽19 billion, and net euro purchases amounted to ₽76 billion.

Experts point out that the demand for the yuan is high due to arbitrage transactions. Due to sanctions, some big players cannot work with dollars and euros. This led to a decrease in the liquidity of these currencies and an increase in the liquidity of the yuan.

Despite the fact that foreign currency purchases exceed sales, the foreign currency balances in the citizens’ accounts are decreasing. The acquired currency is mostly transferred to foreign accounts, including for import payments.

Russians last week annoyed The possibility of transferring money to one of the CIS countries.

How many Russians were known before denied dollar savings.

Source: Gazeta


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