The specialist told why there is such a big difference between the exchange rate and the rate in banks.
The exchange rate of the Russian currency has significantly strengthened, however, experts note that there is practically nowhere to buy a noticeably cheaper currency now – despite the low exchange rate, the difference between trading on the Moscow Exchange and the offer of banks can be about 20 rubles.
Maxim Maramygin, Doctor of Economics, told about the difference between the official and real course.
In conversation with E1.ru he said that an artificial foreign exchange market has been established in Russia due to the lack of direct correlation of cash and non-cash currency.
He recalled that any raw material sold by Russia – minerals, wood, grain – has skyrocketed in value.
“Therefore, the receipt of the non-cash part is huge, including the one that the Europeans pay us for gas. Physical consumption volumes have decreased, and the flow of currency has increased dramatically,” he said.
The expert noted that correspondent accounts have been closed to Russian banks, and banks cannot introduce cash currency. Therefore, it remains cashless.
Maramygin noted that the exchange rate on the stock exchange consists of oil companies’ offers and buyers’ demand.
Now the volume of international trade has seriously decreased, so cash dollars and euros do not reach banks, and their real value does not fall as a result.
“It is still possible to buy them, and even at a low price – another question is that you will not be able to hold the bill in your hands, – the specialist said.
Currency can now only be deposited into an account, but it cannot be taken out of the country. In addition, new bills do not come into it.
He noted that now there are two dollar and euro exchange rates in cash and on non-cash accounts of the Moscow Exchange.
After Russia gets access to the import of cash from abroad, the official and real rates will become similar to each other.
Earlier, topNews wrote that the dollar exchange rate fell below 58 rubles for the first time in 4 years. The euro dropped below 60 rubles.