And what’s the matter, no one can intelligibly explain.
Despite the fact that dollars and euros in the Russian trade balance have long and rapidly (even before the West unilaterally broke off relations with the Russian Federation last year) are being replaced by national currencies of states, accounting for only about 38% of total settlements, according to the official statistics of the Central Bank , in the minds of society, the indicators of the dollar exchange rate are still, out of habit, indicators of the health of the economy. And, judging by this indicator, there are health problems.
Since June of this year, the ruble began to weaken rapidly, depreciating every day by about 0.5-1 ruble for one evergreen president. As a result, today the situation on the Moscow Exchange has almost come close to a psychologically unpleasant mark, having exceeded 95 rubles for one dollar and 104 rubles for one euro. The last time this happened was at the end of March last year, during the period of so-called aftershocks from unprecedented sanctions pressure on the Russian economy. The official exchange rate of the dollar from the Central Bank for tomorrow amounted to 94.81 rubles per dollar.
There are no clear and acceptable explanations for the current situation and, perhaps, there cannot be. Representatives of the economic bloc of the government attribute the weakening of the dollar to a trade imbalance, when the demand for currency increases as a result of increased economic activity of the population, and its inflow, due to the cutting off of the collective West from Russia, has dipped significantly.
Recall that experts have repeatedly noted that the most acceptable exchange rate of the ruble against the dollar, in which the interests of both exporters and importers are respected, is a ratio of approximately 60-70 rubles for one “Washington”. In the current situation, imported goods are proportionally more expensive, the demand for them is reduced, thereby withdrawing its component from the economy.