Ruble in Russia faster flies to the bottom: what happens to currency

The steep peak ruble coincided with the "uprising" of the Wagner PVC fighters, who opposed the current authorities and organized a campaign to Moscow. And the ruble is negatively affected by non -coordinative internal currency demand, which is formed through import operations and operations to change ownership in the Russian Federation, as well as through the purchase of currency by the population. According to the results of Wednesday, July 5, the ruble lost to the dollar 2% (91. 00), 1.

8% - to euro (99. 00), and 1. 7% - to Yuan (12. 54). At the same time, the head of the Bank of Russia Elvira Nabiullin explained that the sharp weakening of the ruble is associated with the ratio of import and export. "We have seen that when the course is weakened, various conspiracy theories begin that there is almost a special weakening in order to increase budget revenues, but we need to look first and foremost at the dynamics of foreign trade.

It largely determines the movement of the course," he said she. The ruble could be renewed for the mandatory sale of part of export revenue - the Russian authorities came to such an extent as early as 2022, and within a few months it was abolished against the background of serious strengthening of the currency ruble in the conditions of high level of energy at the time.

But in 2023, the situation is different: international sanctions and price ceiling for Russian oil played a role, as well as Russia's own restriction on oil production - these factors affect the influx of export revenue. Meanwhile, Moscow's revenues from the sale of oil and gas from January to June this year have almost doubled. The budget has only expanded $ 37. 4 billion - by 47% less than the same period last year.