In March 2024, the ruble reached record levels in terms of its share in Russia’s exports and imports, simultaneously exceeding 40% in both directions. This is stated in “Financial Risk Review” From the Central Bank.
The regulator announced that the share of the ruble in export operations is 43.9% and in import operations it is 40.8%.
The previous maximum value of the ruble in exports was recorded in June 2023 at 43.6%. A record of 40 percent was broken in imports in February this year.
Export revenue in friendly currencies reached $14.2 billion in March, compared to $12.3 billion in February. Import payments in these currencies rose to $8.7 billion from $8.3 billion in the previous month, the regulator said.
Before that, it was known that the volume of cross-border foreign currency transfers of individuals would increase in the first quarter of 2024. decreased Ruble transfers also decreased to 294.4 billion rubles, decreasing by 388 million dollars to 5.13 billion dollars. The share of transfers to friendly countries increased to 82.9%.
Previously Russia reduced Investments in gold reserves.