It is planned to expand the validity of the mechanism for the compulsory sale of foreign exchange earnings. About it RBC President Dmitry Peskov said the press secretary.
“A decision will be made to continue the action of this vehicle. At the same time, the demand for this mechanism is not so big,” he said.
The conditions for the sale of a part of the income in the currency have started to operate in Russia since 16 October 2023. Russian Federation Government in April 2024 elongated The work of the mechanism for the year. The decision is valid until 30 April 2025.
Russian government in July 2024 softened Requirements for the compulsory sale of foreign exchange earnings reduce the threshold from 60% to 40%. The relevant decision is made considering the stability of the Russian currency and the acquisition of sufficient monetary liquidity.
Previously, an economist Name A critical dollar exchange rate for Russia.