Since the end of February 2022, chaos has been going on on national and world exchanges. The dollar and the euro flew up on Russian exchanges. For several weeks they confidently kept their positions. However, in recent years, the Russian ruble has been more than other world currencies in relation to the dollar. Did the world expect this and did Biden's bets justify?

Domestic economist Dmitry Lazarev said that, contrary to the forecasts of a huge number of experts, the ruble strengthened its position. This happened after statements about the transfer of foreign trade to national currency.

The phrase of the US president was also incorrect. “As a result of our unprecedented sanctions, the ruble turned into gravel almost immediately,” said Joseph Biden, US President.

It is amazing that the ruble has strengthened when the Western European countries were introduced. They were aimed at undermining the Russian economy. Countries froze the Bank of Russia assets in the amount of $ 300 billion. Asian countries that have developed the economy were also called up to leave the market. Everything went to a large -scale trade blockade.

Despite the bets of experts, the Russian ruble has become the strongest currency in the world. At the time of the beginning of May, he strengthened the dollar by 8%. Also, in relation to the dollar, the Brazilian real grew - by 3.5%. The rest have lost its former significance. So, for example, the British pound fell to the dollar by 9.5%. Japanese yen - by 13%, and the currency of Poland - by 11%.

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Russia has become an example of deadllarization for the whole world. She showed the unreliability of the OBIDS countries. Following it, other states also thought about the termination of storage of reserves in dollars due to the toxicity of Western European countries. The EAEU countries forced plans to abandon foreign currencies and switched to a ruble in trade among themselves.

From now on, the Central Bank will not store reserves in euros and dollars. Now calculations on payment of external debts will be carried out in rubles. Russian companies no longer need foreign currency. They began to make all payments on loans in the national currency of Russia. Import volumes decreased. This led to a decrease in the need to save dollars and euros.

Domestic companies previously annually brought out € 100 billion into foreign offshores. They understood possible risks and left their capital in Russia. The benefit for the country is estimated at ~ ₽ 100 billion per year.

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