Dollar Exchange Rate at the Beginning of Trading on the Moscow Exchange Decreased by 1.82%, Euro — by 6.86%
The ruble exchange rate may return to the values observed before the start of the special operation to demilitarize Ukraine, since the Russian currency is fundamentally undervalued. However, this requires an improvement in the situation in foreign policy and the abandonment of the storage of reserves in dollars and euros. Such conditions were called by the leading analyst of the department of global research «Open Investments» Andrey Kochetkov.
Earlier, Nigeria announced its readiness to consider a decision on trading with Russia in national currencies, the country's ambassador Abdullahi Shehu said. He clarified that bypassing the dollar and the euro in trade relations with the Russian Federation will open prospects for strengthening the ruble, and also make the Russian currency «freely convertible», RIA Novosti writes.