Central Bank Governor Elvira Nabiullina said that the mandatory sale of foreign currency earnings of some exporters by presidential decree will increase the efficiency of foreign exchange sales and liquidity in the market. This was reported by Interfax.
According to him, these measures are temporary and targeted. In the very near future, sales volumes will be determined by the government. Nabiullina noted that previous approaches will continue for most companies with a small share of foreign exchange earnings.
The Governor of the Central Bank emphasized that there is no conflict between the regulatory body and the president on this issue. The decree signed by Vladimir Putin imposes mandatory foreign exchange sales for 43 exporter groups for six months.
Experts believe that the measure will make it difficult for exporters, but will help stabilize the ruble exchange rate and prevent its consolidation above 100 rubles per dollar. At the same time, the risks of companies being able to buy back the sold currency later continue.
Analysts at the beginning of the week in the name “economically justified” ruble exchange rate.
Previously in Russia excluded Strengthening of the ruble exchange rate to 60 rubles per dollar.