Against the background of the weakening of the ruble in July – September of this year, Russian retail investors began to sell currency on the stock exchange instead of buying foreign currency. About this topic in the “Review of Key Indicators of Brokers” for the third quarter of 2023 reports Central Bank of Russia (CB).
The regulator noted that in the context of the weakening of the ruble, the volume of purchases of foreign currency for the ruble began to practically correspond to the volume of sales. In other words, net foreign exchange sales in July – September amounted to 4 billion rubles. The fact that foreign exchange sales exceeded purchases helped reduce the pressure on the ruble exchange rate.
According to the Central Bank’s assessment, investors sold the most in dollars and yuan. The euro, by contrast, was bought more often than it was sold. It was noted that the sanctions caused a decrease in dollar and euro liquidity and an increase in yuan liquidity.
Previously reportedIt was announced that the dollar exchange rate on the Moscow Stock Exchange exceeded 91 rubles for the first time since mid-November. At the same time, the euro rate was 98.8 rubles, and the yuan was 12,744 rubles.
Previously recognizedHow will the weakening of the ruble affect the state of the economy?
Source: Gazeta
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