What is happening with the ruble

What is happening with the ruble? Where is he going? We explain:

1️⃣ Exporters were allowed to keep 100% of foreign exchange earnings in foreign accounts (previously there was a requirement of 80% of its sale);
2️⃣ Increased limits on foreign currency transfers (from $5,000 monthly to $1 million monthly);
3️⃣ Restrictions for individuals on the purchase of cash currency in the amount of $10,000 per person per month continue to apply;
4️⃣ Citizens have learned to bypass restrictions on payments in foreign currency through banks in Kyrgyzstan, Tajikistan, Belarus and a number of other countries;
5️⃣ The currency is in demand by businesses for the purchase of technological industrial goods (power equipment, machine tools, microelectronics, as well as consumer goods supplied under parallel imports);
6️⃣ The outflow of dough abroad continues successfully.

Thus, despite the positive trade balance, the ruble is still falling… Is it possible to do something about it?

It is possible – for example, to return the regulation on the mandatory sale of at least 50% of foreign exchange earnings, but not a single department in our country is responsible for economic growth (neither the Central Bank, nor the Ministry of Finance, the stunted Ministry of Economics does not count, it exists purely for bleziru). In general, the Central Bank continues to operate successfully according to the World Bank’s manuals. Is it strange? Strange.