According to the risk analysis of the financial markets of the Central Bank of the Russian Federation, it was learned that in October 2023, Russians increased their foreign currency purchases by up to 120.9 billion rubles. This has been reported Web site regulator
“In October, the population almost tripled the volume of net foreign exchange purchases from the stock exchange and the largest banks. In general, during the month, citizens purchased currency worth 120.9 billion rubles. (In September – 40.7 billion rubles),” says the publication.
The Central Bank emphasized that most of the volume comes from the US dollar and euro. The pace of purchase growth accelerated in the second half of October, when the ruble began to strengthen.
Before that, Central Bank Governor Elvira Nabiullina statedIt turns out that the weakening of the ruble in the summer of 2023 mainly reflects persistent internal inflationary pressures rather than changes in external conditions.
He noted that the number of rubles demanding the same amount of currency, including the dollar, euro and yuan, has increased, including lending activities.
Formerly Central Bank of the Russian Federation raised key rate up to 15%.