At the opening of trading on the Moscow Stock Exchange on October 17, the dollar/ruble exchange rate decreased by 16.25 kopecks to 97.24 rubles. This is proven by: data stock markets.
At the same time, the Chinese yuan exchange rate increased slightly by 0.3 kopecks, reaching 13,301 rubles. No transactions were made in Euro.
Candidate of Economic Sciences, Associate Professor at the Department of World Financial Markets and Fintech at the Russian University of Economics. GV Plekhanov Denis Perepelitsa expressed the opinion that the dollar exchange rate will rise by the end of 2023 will be 92-95 rubles.
The expert noted that the decree on the compulsory sale of foreign currency earnings of Russian exporters actually gives the Cabinet of Ministers the right to regulate the volume and timing of sales within the necessary limits to prevent the depreciation of the ruble.
Russian President Vladimir Putin signed a decree to this effect on October 11. The document affects 43 Russian export groups belonging to the fuel and energy complex, ferrous and non-ferrous metallurgy, forestry and chemical industries, and grain production.
Previously recognizedHow will the weakening of the ruble affect the state of the economy?