Russia's Central Bank Supports Ruble Exchange Rate, Urging Exporters To Sell Foreign Exchange

Here world Clothing and shoes The Xiaobian of the network tells you that the Central Bank of Russia urged exporters to sell foreign currencies to support the ruble exchange rate.

So far this year, the ruble has fallen by about 30% against the US dollar. According to reports, Russia Central Bank Ksenia Yudaeva, the first deputy governor, said on Thursday that the central bank will try to persuade export oriented enterprises to convert their income into roubles to support ruble's exchange rate stabilization.

So far this year, the ruble has fallen by about 30% against the US dollar, and the expectation that the rouble will fall further has prompted exporters to postpone the conversion of US dollar and euro income to rouble.

According to Russian news media, Yudaeva said in a speech to parliament that the central bank will tell exporters the fact that postponing the exchange of export earnings will not benefit them.

Yudaeva did not elaborate on how to persuade exporters to sell without considering exchange rates. foreign exchange But she reiterated that the government did not intend to introduce capital controls. Senior officials of Russia, including Vladimir Putin, have said that despite massive capital flight, the government does not consider capital controls in the Putin administration.

Yudaeva said that although the depreciation of the rouble could obviously make the government achieve a budget surplus at the time of the current oil price fall, they thought that the rouble depreciation would be harmful to the economy.