As Alpha analyst Alexander Dzhioev explained, such a sharp decline was the result of a sharp drop in demand for currency, and this, in turn, saved the ruble and helped it strengthen. Difficulties in paying for import-substituting products could also lead to such a negative effect. We should not lose sight of the fact that we could have observed similar behavior of the currency several years ago. When the dollar fell to 50 rubles, experts and analysts noted some problems with paying for import purchases. Now economists and financiers are thinking about another possible reason for such a sad situation of the currency – Russians have closed many positions in euro and American currencies.
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