The Central Bank of the Russian Federation increased the official exchange rate of the US dollar on January 26. This is evidenced by the information on the Central Bank website.
The American exchange rate was set at 88.66 rubles. For comparison: the official exchange rate on January 25 was 88.28 rubles.
The official euro exchange rate for Friday was also changed upwards, from 96.17 rubles to 96.63 rubles.
The Chinese yuan exchange rate increased from 12.28 rubles to 12.33 rubles.
“The market did not experience a sharp depreciation of the ruble due to a number of support measures. First of all, against the background of tight monetary policy, a significant sale of foreign currency by the Central Bank and the Ministry of Finance, as well as the current decree on the sale of foreign exchange earnings of exporters,” noted Ivan Kapustyansky, analyst of Pervaya Management Company in his analytical note.
Before that, financier Dmitry Babin in a conversation with socialbites.ca acceptedAfter January 29, the dollar exchange rate may rise to 90 rubles. Post a similar prediction shared Nikolay Ryaskov, General Director of Investments of the Management Company PSB.
Formerly Bank of Russia statedIt does not plan to control the ruble exchange rate.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.