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Post by DWE on Oct 21, 2023 12:25:12 GMT 5.5
The end of the spring the ruble had appreciated significantly and was more expensive than it was before the sanctions were imposed. until At the end of the year, the ruble avoided sharp fluctuations and remained at a stronger level than last year. In a dialogue with the Department of Stock Markets and Financial Engineering of the Faculty of Finance and Banking, the actions taken in response to the crisis were assessed. The exchange rate quickly returned to normal levels, and according to many experts, for a while the ruble was even overvalued. The vehicle in which domestic economic entities are rapidly mastering the moible number data currencies of friendly countries is the renminbi first, it added. There are even examples of successful placements of RMB bonds. The renminbi and renminbi-denominated instruments are likely to enable the substitution of dollars and euros, reducing currency risk. The Russian financial messaging system for internal settlements has been replaced quite successfully. Another factor draws attention to the lack of historical data on the economic impact of existing sanctions volumes. With only a database of actual macroeconomic indicators of the stable period in the arsenal, it is difficult to accurately assess the response of macroeconomic parameters to such shocks, said the head of the Center for at the Center for Strategic Studies in a dialogue with . However, as operational statistics are released, the models are refined and forecasts begin to adjust accordingly; increasing their accuracy. Russia set a world record for sanctions.
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