The U.S. dollar rate in trading on Thursday, April 7, reached another local low since February 11, approaching the mark of ₽74.28. The European currency exchange rate declined to last year’s levels, falling below ₽81.
Yesterday, the Ministry of Finance announced that it made a payment of $650 million in local currency on sovereign Eurobonds because the agent bank refused to convert the funds into the currency of payment.
A few days ago Josep Borrell “raved” about the stability of the Russian currency, noting the transfer of payments for Russian energy supplies to rubles. “We’ll see what happens next,” summed up the leader of European diplomacy.
The U.S. dollar exchange rate dropped below ₽75. Photo: Yandex
At the same time industry analysts and currency experts say that the powerful strengthening of the national currency is not a reason for lifting the restrictions of the Central Bank of Russia. In the current situation it is necessary to achieve complete neutralization of geopolitical and sanctions tensions. Only after that it is possible to return to the previous norms of the foreign exchange market.
