Net sales of foreign currency by 29 companies from among the largest Russian exporters in October 2024 amounted to $ 10.3billion, which is 21% higher than the previous month. This is reported in the materials of the Bank of Russia.
The ratio of net sales of foreign currency to foreign exchange export earnings of the largest exporters in August 2024 amounted to 88%, an increase of 5 percentage points compared to July 2024.
In October, individuals sold 55.9 billion rubles worth of foreign currency through the stock exchange market and the largest banks, compared to 58.5 billion rubles in September.
The regulator emphasizes that the devaluation of banks' balance sheets continues. In October, both corporate lending in foreign currency and foreign currency liabilities of banks decreased. At the same time, in September, bank deposit rates in yuan increased in the retail and corporate segments.
