The ruble collapsed to a minimum since April 2022

The ruble collapsed to a minimum since April 2022

This material (information) was produced, distributed and (or) sent by a foreign agent of RS-Balt JSC or relates to the activities of a foreign agent of RS-Balt JSC. 18+

The ruble on the afternoon of February 13 is declining against the dollar and the euro, renewing the lows since April 2022 against the background of a decrease in the inflow of foreign exchange earnings into the country. So, according to the Moscow Exchange, the dollar exchange rate by tomorrow at 16:22 Moscow time rose to 73.63 rubles, the euro – to 78.69 rubles.

As Yury Kravchenko from Veles Capital told RIA Novosti, since the beginning of February, the pressure on the ruble has only intensified.

The situation, according to the analyst, is probably comparable to December, and the decline in the Russian currency is largely due to a decrease in the inflow of foreign exchange earnings to the Russian Federation due to external restrictions on Russian exports.

According to him, the situation on the Russian foreign exchange market will largely be determined by the stability of export foreign exchange earnings in the face of external restrictions. Experts are counting on a gradual stabilization of the dollar against the ruble, but they expect the US currency to maintain its position above the December highs.

We add that the Central Bank of the Russian Federation set the official dollar and euro rates at the level of 73.63 rubles and 78.67 rubles, respectively.

Source: Rosbalt

You may also like

Immediate Access Pro