Alexei Vedev speaks on RBC-TV about the prospects of the Russian ruble in 2024

The program dealt with the measures of mandatory sale of foreign-exchange earnings; these measures are in effect till April 30, 2024. According to the Executive Order of RF President Vladimir Putin, exporters are obligated to deposit within 60 days at least 80% of their foreign-exchange earnings to their bank accounts and sell within 14 days over 90% of those funds. Andrei Gangan, First Deputy of the Monetary Policy Department of the Central Bank of Russia said that the Executive Order on mandatory sale of foreign-exchange earnings was losing its relevance due to the RF Central Bank’s tight monetary policy.

The experts discussed in the program what effect it might have on the ruble exchange rate and exporters.