Experts told how the dollar exchange rate will be determined if Russia refuses to trade on the stock exchange.
In Russia, to determine the dollar, it can create an analogue of the Bloomberg platform. National Clearing Center (NCC) and Moscow Exchange. About it on airBusiness FM Kaliningrad”said Ilya Ryzhov, an expert in real estate investment, asset manager.
“In such situations, trading with paralyzed currencies, and the mechanism that the Bank of Russia had since 2014 in case it was necessary to use the currency, was used useless. As an alternative, the creation of the Russian analogue of Bloomberg is being replaced – a platform where currency quotes of large banks will flock, ”the expert explained.
For those who have savings in dollars, Ryzhov recommends transferring them to foreign accounts or buying real estate in friendly countries of Russia.
In the event of the US blocking against the NCC, the currency section of the Moscow Exchange applies to currency countries that have not introduced a law against Russia. Payments are made only in rubles.
Now it is better to transfer assets into friendly currencies or into gold, Evgeny Shimanovsky, vice president of the Eurasian Business Alliance, believes.
“Close the alleged crisis in order to take away money, to nullify people’s savings. For our country, it is necessary to create a clearing system and, for example, those currencies that are friendly with us. You can also hedge 20-25% in gold. If we create such tools, then we assume that this will be a blow to the entire empire of the dollar, which is now created, ”Szymanovsky presented one of the possible situations.
The Central Bank extended the limit on the withdrawal of cash foreign currency until March 9, 2023.