Russia approached the default noticeably, since the United States banned Russia to pay for its public debt in dollars from blocked gold and foreign exchange reserves.
Most recently it became known that the Russian financial authorities sent another payment in rubles. There is hope that this money abroad will be converted into dollars and sent to debt.
But, most likely, this will not be given to do, and will be announced (at least technical) default. Behind which a small temporary lag can be declared a real default on the external government debt.
And yet, it is worth understanding that this will not be the same ruinage default, which is remembered by the Russians on the events of the end of the last century.
Nevertheless, many wonder what will be with currency courses (at least with a dollar and euro), with inflation, with prices for various products.
Now the dollar rate is gradually settled in the area of 80 rubles. Exemplary corridor of the last trading sessions - 80-85 rubles for $ 1.
At the end of the last century, the ruble depreciated at times with the arrival of default. What will happen this time?
Now the dollar rate mainly depends on the flow of petrodollars to the country, from the trade balance of Russia. The forecast value of this flow is unclear, inconsistent inconsistent now.
But the outflow of dollars from the country's financial system is now very regulated. The dollars are now nowhere to spend and it is difficult to buy, therefore the reaction of the population to implement the default will be limited.
Buy cash dollars are now difficult if officially, it is even possible. Remove the cash currency too.
Spend currency, as already mentioned, almost no place, therefore, with great probability, the dollar will not even notice the occurrence of default in the country.
There may be a slight short-term negative movement. But it is necessary to understand that there are already quite a lot of such events, in which no one is no longer surprised by the default on external Russian debts.
Now you need to look at the further impact of sanctions on the country's economy. Also, a lot will depend on the development of natural geopolitical events - from this together will depend on the rise in prices for goods in Russia and our well-being with you. And the possible default is almost nothing to affect.
Today, thanks for your attention!
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