Money will become ordinary pieces of paper: a new wave of devaluation is coming

Financial market experts are concerned about a possible sharp drop in the ruble exchange rate in November, despite its current stability (about 95 rubles per dollar). This is due to geopolitical tensions, fluctuations in oil prices, decreased demand for Russian goods and sanctions pressure, which have a significant impact on the ruble exchange rate. Declining global energy demand and rising inflation create additional pressure on the national currency. The Central Bank of Russia has not yet raised the key rate, but the likelihood of its increase is high. This could limit access to credit and negatively impact economic growth.

The situation is complicated by sanctions and logistics problems, which increases the risk of sharp fluctuations in the ruble exchange rate. Insufficient response from financial…