RUBT Rate on Tetris Money

🟢 USDT/RUBT: 84.47 — Exchange Rate Board

MOEX and Central Bank rate:
🟢 USD/RUB F (MOEX): 82.14
🟢 USD/RUB (CBR): 83.99

🤔 What is moving the market today?

🟢 Peak of the tax period

This week (starting March 23), Russian exporters are entering the active phase of selling foreign currency proceeds. This is necessary to prepare for the unified tax payment, the deadline for which falls on March 30 this month. Traditionally, this is the main factor supporting the ruble in the second half of the month: the inflow of foreign currency supply on the exchange temporarily smooths volatility and restrains the rise in quotations.

🟢 Currency shortage from the Ministry of Finance

The supply of foreign currency on the market remains at minimum levels. In March, the Ministry of Finance reduced foreign currency sales under the budget rule by 72% (compared to February). Against the backdrop of stable demand from importers and logistical delays in the return of export proceeds, the market is experiencing a physical shortage of “hard” currency, which is pushing quotations upward.

🟢 Geopolitical pause: 5-day postponement of strikes

Markets received a positive signal: the United States announced a 5-day suspension of the planned strikes on Iran’s energy infrastructure. The decision was made amid productive negotiations on de-escalation in the region. Lower tensions in the Middle East reduce the risks of disruptions in energy supplies, which stabilizes global markets and indirectly supports emerging market currencies, including the ruble.

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