The central bank explained the weakening of the ruble in December

15:36; 26 December 2024 year

In December, the ruble exchange rate declined against major currencies due to the introduction of another package of sanctions against the Russian Federation, which led to a temporary halt in the supply of foreign currency to the market. This is stated in the materials of the Central Bank. "The resulting uncertainty created a one-time increased demand for foreign currency from both importers and companies that had to repay their foreign currency loans, which increased exchange rate fluctuations," the regulator said.

To even out the situation, the Central Bank suspended its planned purchases of foreign currency from the NWF. Due to this measure, fluctuations in the exchange rate were reduced.

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