Currency market

The Bank of Russia has issued recommendations for operators of electronic money (e-money, electronic money "wallets") to improve the quality of customer service.

Microsoft founder and charity co-chairman Bill Gates urged to prepare for possible new pandemics and take them as seriously as a potential military conflict.

The international payment system Visa announced that it is rejecting the idea of developing a payment system using QR codes in Russia, since there is no demand for such a service from citizens, banks and shops.

This may be due to critical remarks about cryptocurrencies from the candidate for the post of head of the US Treasury Janet Yellen.

An honest Kaliningrader suddenly became rich, albeit for a short time.

The Economist magazine ranked the ruble as the most undervalued currency in the world according to the Big Mac index.

Based on the FAO Food Price Index, which reflects monthly changes in international prices for staple foods, world prices for basic foods and raw materials in 2020 were the highest in the last three years.

Investors have been buying Russian shares since the beginning of the year, encouraged by the rise in oil prices.

This follows from the Treasury’s report on the macroeconomic and monetary policy of the main American trading partners.

In the near future, a number of factors will help determine the situation in the financial markets and the ruble exchange rate in particular.

Germany in particular and the European Union as a whole lose billions of euros every year due to restrictive measures against Russia.

Next year profit of Russian banks will completely decrease by 2 times due to overdue loans of debtors and low interest rates on loans.

The Russian ruble is strengthening against the dollar, while some other currencies are rising.

Residents of Russia will be required to report to the tax service on foreign exchange transactions using electronic wallets of foreign operators.

The Ministry of Finance of the Russian Federation has prepared amendments to the laws on the introduction of criminal punishment and imprisonment for failure to declare transactions with cryptocurrencies.