sale of foreign currency earnings by exporters, since this could usa telegram data strengthen the ruble exchange rate?
— At the moment, mandatory sale of foreign currency earnings can increase the efficiency of companies’ sale of foreign currency and thus help reduce exchange rate fluctuations. This was the aim of the recent decision to temporarily introduce mandatory sale of foreign currency earnings by large exporters. It played a role in stabilizing the exchange rate, but did not lead to a sharp strengthening of the ruble.
And this is quite understandable, because the stable level
The exchange rate is determined by the fundamental reasons that I have already mentioned. These are our export capabilities and how they relate to the demand for imports and the attractiveness of the ruble as a means of saving.
The increase in the key rate will provide conditions for a more balanced growth in demand for imports and will increase the interest of businesses and citizens in ruble savings. This will contribute to greater why personalization matters in sms marketing campaigns stability in the exchange rate dynamics. By the way, the situation on the currency market in October-November confirms this logic: the ruble is strengthening against the background of increased exports due to rising oil prices and an increase in the key rate.
What is holding back economic growth?
— When the Central Bank raises the key rate, it slows down not only america email consumer demand, but also economic growth. After all, demand is the engine of the economy. What do you say to that?