The fundamental factors that influence the germany telegram data exchange rate are the state of the balance of payments, our exports, the ruble demand for imports. The ruble demand for imports was fueled, among other things, by the availability and rapid growth of ruble loans. Now the monetary policy is having an impact on the stabilization of the exchange rate, obviously.
So when the decree expires in March, we will not see any drastic changes in the situation on the currencmarket?
– We don’t expect that, no
— You mentioned the difficulties for companies [due to the decree]. There is such a thing as the “ruble circulation” — this is the need for exporters who receive ruble revenue under a contract to still convert it into currency, return it and convert it again. Do you see the danger of such double conversion, does it create any risks?
— There is a certain problem related to the fact that many of our companies have indeed switched to receiving export revenue in rubles. And this is positive. And when they are now forced to convert this ruble part of the revenue into currency in order to sell it later, this increases the turnover of the currency market, but this simply means january’s future, xbox additional costs, commissions for converting this currency for companies. Fundamentally, this does not affect the exchange rate.
— The impact on business is more likely
– Yes, for business. For some additional expenses.
— Are any adjustments to the decree ao lists expected in connection with this?