Russian companies losing interest in foreign currency – central bank

Balazs Barabas

The decline in demand comes as the ruble has strengthened for the seventh consecutive month, the regulator has said Demand for foreign currency among Russian companies has sharply declined, with corporate purchases in June falling to the lowest level in nearly a year, according to a report from the Bank of Russia. The central bank attributed the drop to the continued strength of the ruble. The ruble has been on a steady upward trajectory, strengthening for seven consecutive months against the

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