Photo: Eugene Novozenina / RIA Novosti
Courses major world currencies against the ruble will continue to grow because of the easing of exchange controls in relation to subject US sanctions Russian companies-exporters. It is reported by RBC with reference to a review of Raiffeisenbank.
According to analysts, amendments, mitigating foreign exchange control, in the end, will accelerate the outflow of capital and the growth of the deficit of foreign exchange liquidity in the domestic market, which in turn will lead to the weakening of the ruble. Raiffeisenbank predicts the price in a corridor of 65-70 rubles per dollar for the past year.
The issue of easing of exchange controls was discussed in the government in 2017. The first Vice-Premier, Finance Minister Anton Siluanov, according to the newspaper “Vedomosti” (belongs to the family Demyan Kudryavtsev), proposed to liberalize the law, in particular, to abolish compulsory return of foreign currency earnings, but instead to give the government the right to make the crisis severe constraints.
Later, the official denied media reports against the easing of exchange control was the head of the Ministry Maxim Oreshkin. However on 29 June 2018, the government returned to the discussion of this issue, and on 12 July the state Duma has amended the law on currency regulation.
The requirement for companies to sell foreign currency revenues was introduced in December 2014, when the ruble against the dollar and the Euro rapidly fell, and the market there is a shortage of currency. President Vladimir Putin then had to manually ring up the major exporters.
Video, photo All from Russia.