The ruble exchange rate is falling every day. How do Russians face it?

The decline in the exchange rate of the ruble can only show that the ruble has depreciated externally. If inflation is not triggered at home, the impact on the people will not be too great.

Of course, for Russians, if they want to travel and shop abroad, the cost will increase greatly.

On the one hand, the main reason for the ruble's decline is that western countries have imposed sanctions on hunger, resulting in a large amount of capital outflows; On the other hand, the sharp drop in crude oil prices has also worsened Russia's balance of payments. Although the Russian government supported the ruble by releasing some foreign exchange reserves before, the released foreign exchange reserves have also become a drop in the bucket for the ruble selling tide. Later, the Russian government gave up its direct intervention in the ruble, and the ruble continued to fall and found a balanced position in the market.

The falling exchange rate will affect Russia's future inflation, leading to an increase in the inflation rate. Recently, the Russian central bank raised interest rates sharply, which aims to support the ruble exchange rate and curb inflation that may increase. However, the blow to the Russian economy is enormous, and the Russian RMB will definitely go through a relatively difficult period.