Financial expert Andrei Vernikov claims that the current US dollar exchange rate above 100 rubles does not suit the Russian authorities and they are using available opportunities to reduce it to the range of 85-92 rubles. This was reported by RIA News.
He stated that a new increase in the Central Bank’s interest rate is unlikely to be effective and work. Vernikov emphasized that he expected foreign exchange interventions and that for them to be successful, the logic of their implementation should not be obvious to currency speculators.
The expert suggested that we can talk about “restriction of import operations” within the framework of currency regulation.
Previously candidate of economic sciences Nikolai Kulbaka warned about the tendency to jump in the ruble exchange rate.
According to data from the trading platform, earlier on the Moscow Exchange the dollar fell below 99 rubles, losing 3.5 rubles from the maximum value reached during the day.
As of 18:19, the dollar dropped to 99.04, then increased slightly to 99.07 at 18:21.
Before that, on this day, on the Moscow Exchange the dollar fell below the base level of 100 rubles: at 17.50 the rate fell to 99.98 rubles. The euro exchange rate dropped from 38 kopecks to 105.39 rubles.
Previously recognizedHow will the weakening of the ruble affect the state of the economy?