... the influence of external factors and increase the independence of the currency market. Why did the Central Bank buy SPCE? The main purpose of acquiring the Saint Petersburg Currency Exchange is to create a full-fledged Russian platform for trading foreign currency. Under current sanctions, access to international currency platforms is becoming limited, and therefore the need for its own infrastructure is increasing. The purchase of the Saint Petersburg Currency Exchange allows the Central Bank to create ...

... Restrictions on Currency Outflows Current restrictions minimize capital flight, contributing to the stability of the exchange rate. High Volume of Settlements in Rubles An increase in transactions in the national currency for imports reduces dependence on foreign currencies. Positive Trade Balance A surplus of exports over imports ensures a stable inflow of currency into the country. Seasonal Factors At the beginning of the year, demand for foreign currency from importers traditionally decreases. Ruble Exchange ...

... 16–24% per annum (depending on the term). According to the Bank of Russia, the weighted average rates for deposits of 6–12 months reached approximately 23.5% by fall 2024. Long-term deposits over a year often yield slightly less (around 20–22%). Foreign currency deposits in dollars/euros usually offer a single figure (2–4%) but involve currency risk. Risks and Reliability. Risks associated with bank deposits are minimal: the state deposit insurance system compensates for losses of ruble deposits up ...

... System: Reducing dependence on international systems amid geopolitical tensions. Social Integration: Using TROY for social payments enhances trust in the system among the population. Economic Independence: The decision helps reduce the influence of foreign currency and international financial structures on the domestic economy. What Should Investors Focus On? Visa and Mastercard: Loss of market share in Turkey may impact their revenue, particularly in the long term. Local Banks: The strengthening position ...

Acquiring foreign currency is an excellent way to invest money. Some people prefer to buy it at traditional exchange offices and then invest profitably. Others purchase currency from the comfort of their homes, managing it at their discretion to earn additional income....