The ruble unplannedly became one of the main topics of the financial congress

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The exchange rate of the ruble became one of the most discussed issues of the International Financial Congress, although the topic of the currency did not appear in the program in principle. The Central Bank, under whose auspices the forum is being held, rejected hints that the regulator should intervene in the situation, and attributed the anomalous weakening to market factors – primarily the trade balance, which sharply decreased year on year. Representatives of the regulator traditionally do not make estimates on the exchange rate, but from their rhetoric it generally followed that the dollar should correct downward. Exporters have ceased to evenly sell foreign exchange earnings, which creates pressure and volatility, explained Ksenia Yudaeva, First Deputy Chairman of the Bank of Russia.

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