Earlier it was reported that the Russia’s Central Bank returned the ruble to the “pre-war” exchange level by artificially restricting its conversion and banning the withdrawal of cash currency and its sale.
So far, the aggressor’s Central Bank has announced that it allows financial institutions to sell cash to the public, but at a significant markup. If the Russians have declared the “official” exchange rate of the ruble at 80 rubles per dollar, the bank can sell cash to the population at about 95 rubles per dollar; the bank is obliged to redeem dollars with a markup of no more than 65 rubles per dollar.
In addition, Russia-controlled banks can only sell currency purchased after April 9, so in fact the “easing” turned out to be purely propagandistic.
The invaders-controlled Sevastopol’s media “ForPost” announced the changes as a “significant success”, and was forced to remove comments from “grateful people”. At the same time, in fact, there is a “black market” of currency in the city and in the Crimea as a whole, where the dollar can be bought from 100 to 130 rubles, depending on the place and amount.
At the same time, Russian occupiers are increasing currency pressure on the occupied districts of Kherson and Zaporizhia Regions, using the “convertible” ruble as an instrument of occupation and seeking to “wash” the hryvnia out of circulation. Currently, the transfer of non-cash hryvnia to cash is carried out in the occupied territories by individual “entrepreneurs” with a “margin” of up to 10 % of the amount.