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With the sanctions, imports have fallen but exports are still going strong. The Central Bank now requires all exporters to exchange at least 50% of foreign prof
by throw-ru-938 4y ago
With the sanctions, imports have fallen but exports are still going strong. The Central Bank now requires all exporters to exchange at least 50% of foreign profits into roubles. So, there's a lot of demand for RUB, not so much for USD.