Template-type: ReDIF-Article 1.0
Author-Name: Alexandra V. Bozhechkova
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Author-Name: Alexander Yu. Knobel
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration; Russian Foreign Trade Academy
Author-Name: Pavel V. Trunin
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Title: Balance of Payments in Q3 2023
Title: Платежный баланс в третьем квартале 2023 г.
Abstract: At the end of Q3 2023, the current account surplus fell 3 times compared to Q3 2022 against the backdrop of both a decrease in the value of exports and an increase in the value of imports. The financial account deficit was formed in the wake of the outstripping increase in foreign assets (including reserve assets) compared to the growth of foreign liabilities. These trends resulted in the weakening of the ruble. This being said, the ruble was supported by the tightening of monetary policy, as well as the suspension of foreign exchange purchases by the Bank of Russia within the framework of mirroring regular operations of the Finance Ministry of the Russian Federation. 
Keywords: balance of payment, exports, imports, current account, ruble exchange rate, outflow/inflow of capital, Bank of Russia
Classification-JEL: E58, E44, F32, F21, F31
Journal: Russian Economic Developments
Year: 2023
Issue: 11
Month: November
Pages: 4-7
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2386.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2386