From the letter sent to the Central Bank of the Russian Federation with credit institutions, it became known about the recommendation to banks to adjust the approaches to the establishment of foreign currency sales courses to the Yurlitz customers. Other companies are encouraged to expand the spread (the difference between the sale price and the purchase price) on exchange operations in dollars, pounds and euros. This direction is 180 ° differs from the previous course of the Central Bank. Read more about recommendations to banks and about why they are needed, let's tell me further.

The Central Bank of the Russian Federation recommends the players to apply the following approaches in working with corporate clients.

For importing companies purchasing currency for settlements for import contracts; For corporate clients with currency loans or Eurobonds, if they buy currency for settlements on them; For legal entities buying currency in order to perform operations with permission from a special government commission, the Central Bank recommended to establish a spread of no more than 2 rubles.

For other companies, banks are encouraged to establish courses with a deviation of at least 10 rubles from stock levels. It turns out that the currency exchange conditions for these companies will be less profitable. If the partners have euro, and change them on the stock exchange, for purchase, for example, the same gas, then 10% of the operation remains in the relevant bank. However, if they sell the goods of Russia for rubles, the spread will be reduced.

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Earlier, the Bank of Russia has never tried to influence exchange rates. After the next turn of tensions between Russia and the EU, the Central Bank fully changed the direction of its policy.

Now such recommendations are needed to ensure stability in the financial market. In addition, it is necessary to prevent the increasing obligations of banks in the currency before legal entities and individuals.

It is clear that the central bank is trying to motivate importers and deprive the motivation of exporters. There is a prompting of foreign companies to attract in Russia not currency, but the goods.

Perhaps with such an approach, European companies will soon want to go on settlements in rubles.

How do you think it can ultimately turn over for Europe? Does Russia have forcibly drawn the EU to the ruble zone?

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