Named natural reasons for the sharp strengthening of the ruble

The dollar, which expectedly strengthened after the start of the Russian special operation in Ukraine to almost 140 rubles, has been significantly losing ground in recent days. So, at the beginning of trading on the Moscow Exchange on April 7, the rate of the American currency for the first time since February 16 fell below 75 rubles.

The head of the Russian financial department, Anton Siluanov, in a conversation with reporters, explained the reason for the current strengthening of the ruble. According to him, in connection with Western sanctions, less foreign currency is spent inside the country, while exports go on as usual. All this leads to an excess of currency, and its prices naturally go down.

The current balance of payments is strong. We export at the same volumes of energy resources, and in the face of limited import supplies, imports have decreased. The current account is in surplus, five to six times higher than usual

Siluanov noted.

Earlier, the Cabinet and the Central Bank took the necessary measures to possibly reduce the volume of imports to Russia, as well as payments for these deliveries. In the future, the authorities plan to move away from the restrictions of the Central Bank on the use of foreign currency in the Russian Federation. In addition, the Ministry of Finance is taking measures to reduce the volatility of the ruble and increase the possibility of adequate forecasting of its exchange rate.
  • Photos used: Federation Council
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  1. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) April 8 2022 10: 35
    There is no fortification - it was 70 rubles. per dollar, became 75 rubles. per dollar. We are talking about the stability of the ruble - it should have collapsed below the plinth, with all the ensuing consequences, but, to the surprise of our Western partners, it survived and the reason is as follows:

    1. In the rise in prices for energy resources and the influx of foreign currency
    2. In the new currency legislation
    3. In the first real steps towards de-dollarization
    1. zloybond Offline zloybond
      zloybond (steppenwolf) April 8 2022 16: 45
      With a significant strengthening of the ruble exchange rate, a fall in prices in Russia was avoided .....
    2. Pound Offline Pound
      Pound (Alexander) April 10 2022 04: 20
      This is where he was 70?, before the operation he was consistently 76 with a penny.
  2. Bakht Offline Bakht
    Bakht (Bakhtiyar) April 8 2022 11: 20
    There will probably be a decline in exports. At the end of the month, it will become clear whether the cost of the supplied gas will be paid?
    Yesterday there was an interesting statement by Ursula and so on. Since February 24, $38 billion worth of gas has been supplied to the EU. This female dog offered to put this money on a forced deposit. That is, pay sometime later. In other words, just don't pay.
  3. Oleg_5 Online Oleg_5
    Oleg_5 (Oleg) April 8 2022 13: 08
    Judging by the ruble prices in stores and on Internet sites, everything is not so optimistic ...
    1. Vitaliy_42 Offline Vitaliy_42
      Vitaliy_42 (Vitaly Bochkarev) April 8 2022 14: 03
      Well, prices didn’t grow instantly either, they will gradually believe that it will be reduced for a long time.
      1. Oleg_5 Online Oleg_5
        Oleg_5 (Oleg) April 8 2022 14: 08
        Well, then it will be possible to talk about strengthening
  4. 1_2 Offline 1_2
    1_2 (Ducks are flying) April 8 2022 15: 26
    .... less foreign currency is spent, while exports go on as usual ...

    Siluanov, as a representative of the 5th column, does not explain why they began to buy less foreign currency? ... because the Central Bank forbade taking more than 10 thousand over the hill (checkmate to embezzlers) and forbade selling (de facto temporary nationalization) to non-residents their Russian assets (and also exchange profit in rubles for currency) and dump with bags of currency from the Russian Federation.

    that is, in order to stabilize the ruble exchange rate (and prices for goods and services) and even cause its growth, only 2 things had to be done)) ... one wonders what prevented this from being done 20 years ago? then the dollar exchange rate was 24 rubles after a collapse in 98 (6 rubles) years.

    apparently, for Siluanov and Naibulina, it’s not the ruble exchange rate (prices of goods) and the standard of living of Russians that is more important ... it’s more important to provide businessmen and money changers (economic currency saboteurs working exclusively against the ruble) working in the Russian Federation, embezzlers, gasters and bandits (for imports) with the exported currency of NATO there is enough currency in abundance), otherwise the ruble exchange rate (and prices as in the USSR) could not only be stabilized for decades, but even the circulation of currencies could be banned altogether! - for the population, the currency is not needed if prices and the ruble are stable, on the edge you can store savings in conditionally "gold" accounts.
    and for imports, it was possible to create a Foreign Trade Bank, as it was in the USSR, it would pay for contracts for the purchase of imports in foreign currency, without handing it over to importers
  5. alexey alexeyev_2 (Alexey Alekseev) April 9 2022 19: 59
    Hang you Anton Silanov. For the harm you have done. According to the laws of war soldier