Moscow has no plans to loosen the foreign exchange rates further, Deputy Chairman of the Russian Central Bank Alexey Zabotkin said on Monday in an interview with Russian media RosBiznesConsulting (RBC).
Zabotkin stated that "no further easing of restrictions on the movement of capital is planned," explaining that the limitation serves as a tool for maintaining financial stability and is still in effect because Russian organizations and individuals also face restrictions. He emphasized that any future decisions on this matter will be made based on these considerations.
In March, the Central Bank imposed limitations on the circulation of cash in the country due to Western sanctions, aiming to contain financial market volatility.
