The Central Bank of Russia reduced official dollar and euro rates on January 20-22. This is evidenced by the information on the Central Bank website.
The US dollar exchange rate was set at 88.59 rubles, and the euro at 96.38 rubles. For comparison: on Friday, January 19, the rates of American and European currencies amounted to 88.66 rubles and 96.59 rubles, respectively.
Meanwhile, the official yuan exchange rate rose from 12.25 rubles to 12.27 rubles over the weekend.
Next week, the dollar exchange rate is expected to vary between 87.45 and 91.8 rubles. As the peak of tax payments approaches, the corridor may narrow to 88-90.5 rubles.
The ruble is currently backed by the obligation of Russian exporters to sell their foreign exchange earnings and the “foreign exchange interventions” of the Central Bank.
Alexander Bakhtin, investment strategist, formerly at BCS World of Investments said socialbites.ca, how the situation in the Red Sea may affect the ruble exchange rate.
Before that Russians saidHow will payments be made in Turkey in 2024?
Previously reportedThis year, summer holidays in Turkey will become more accessible for Russians.