Decree on foreign exchange earnings already plays positive role

Decree on foreign exchange earnings already plays positive role – Putin

Business & Economy November 01, 2023, 23:22

The President of Russia clarified that monitoring and analysis of the activities of individual companies and banks is being carried out, and monetary policy measures are being taken according to the situation

MOSCOW, November 1. /TASS/. Russian President Vladimir Putin stated that his decree requiring some exporters to sell their foreign currency revenues has already helped to stabilize the foreign exchange market.

"The stabilization of the foreign exchange market should help slow inflation. A decree requiring the sale of foreign exchange earnings came into effect. There were numerous questions as to whether it would play a good role or not. It did," he said during a meeting on economic issues.