The Central Bank lowered the official dollar exchange rate for August 19-21 to 93.4 rubles
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The Bank of Russia lowered the official dollar exchange rate on August 19-21 to 94.3 rubles, which is 34 kopecks lower than today’s figure, follows from data regulator.
The official euro exchange rate has been lowered to 101.48 rubles. (minus 70 kopecks), and the yuan – up to 12.75 rubles. (minus three cents).
The dollar exchange rate on the Moscow Exchange, according to data at 16:40 Moscow time, amounted to 93.71 rubles. (-0.07%), and the euro – 101.7 rubles. (+0.04%).
The ruble began to weaken at the end of June. During trading on the Moscow Exchange on August 14, for the first time since the end of March 2022, the dollar exceeded 101 rubles, the euro – 111 rubles. The Chinese yuan traded above 13.8 rubles. On August 15, the Central Bank decided to raise the key rate by 3.5 percentage points at once to 12%. The reason for the decision of the Central Bank is the increase in inflationary pressure and inflationary expectations, which are under pressure from the dynamics of the exchange rate. The regulator did not rule out a further increase in the rate in the event of increased pro-inflationary risks – the scheduled meeting will be held on September 15.
After the rate increase and against the backdrop of news about a possible tightening of foreign exchange controls by the authorities, the ruble strengthened somewhat. As Vedomosti wrote earlier, at a meeting between President Vladimir Putin and members of the government and Chairman of the Central Bank Elvira Nabiullina, it was decided not to set standards for the sale of foreign exchange earnings by exporters and impose restrictions on the movement of capital.
The Cabinet of Ministers managed to informally agree with exporters to increase the sale of foreign exchange earnings, so for the time being it was decided to limit themselves to monitoring their actions, the sources noted. Business representatives generally agreed to sell more proceeds, but if the situation does not change, the mandatory sale of export proceeds will become inevitable, one of them emphasized.
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