17:50 - 10.07.2023

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July 10, Fineko/abc.az. The exchange rate of the Russian ruble against the dollar has fallen below the psychological threshold. To buy 1 dollar in Russia, whose national currency has fallen sharply in recent weeks, you must already pay more than 90 rubles. The ruble exchange rate against the dollar today amounted to 92.0, ABC.AZ reports, quoting MP Vugar Bayramov.

Bayramov noted that sanctions are putting pressure on the ruble, despite the optimistic statements made in Moscow:

"The decline in foreign currency coming to our northern neighbor affected the exchange rate. In Russia, where export opportunities are limited, there is also an increase in demand for foreign currency.

As sanctions expand, negative trends in the Russian economy will deepen. The reality is that the instruments of the Central Bank of Russia are not numerous, which limits the possibilities of intervention.

As for impact of depreciation of the ruble on the manat, we would like to note once again that the position of the Central Bank in the exchange rate of the national currency is decisive, since Azerbaijan has not switched to floating exchange rate regime."