In the Russian Federation, the dollar fell to a minimum to seven months

The Ruble has continued a sharp growth in the Moscow and Forex exchange against the rear of hope of a possible Ukraine agreement and hope for the alleviation of western penalties. Reuters reported that there was a reference to the businessman of a large Russian bank.

“There is an active purchase of the ruble, as there is a feeling that there are some agreements,” the financial institution representative assured.

Since the beginning of the year, the dollar fell to price at the Ruble of 25%, the euro of 21%, and Yuan – 14%. And it has been a powerful wave of Russia’s money strengthening since 2022, notes of analysts.

The main reason is the massive reset of money by the largest companies: in February, according to the Central Bank, exporters sell $ 12.5 billion per quarter more than the exchange than in January.

A strong ruble creates a “headache” for the budget, which the barrel costs $ 70 and the dollar – 96.5 rubles, analysts explained.

At current prices and the rate, Treasury will lose about 2 trillion rubles of oil and gas revenues, or each fifth ruble of planned raw rent materials. This can cause authorities to react to “adjust the course” to get it closer to the best level for the budget.

According to experts, in the day the dollar will increase to 95 rubles.

Remember that the war released by Russia against Ukraine negatively influenced the lives of nearly half of the citizens of the Russian Federation – 47.6%. This has been proven by the data of a sociological survey conducted by the Institute of Social and Political Studies of the Russian Academy of Sciences.