The economist commented on the decision of the Central Bank to extend restrictions on the withdrawal of foreign currency

The economist commented on the decision of the Central Bank to extend restrictions on the withdrawal of foreign currency

Georgy Ostapkovich, director of the Center for Market Research at the Institute for Statistical Research and Economics of Knowledge at the Higher School of Economics, in an interview with RT, commented on the decision of the Central Bank of Russia to extend restrictions on foreign currency cash withdrawals until March 9, 2023.

In his opinion, the Central Bank is waiting for the development of the process.

“We still do not have an economic crisis, but a geopolitical one. And geopolitics can last for years, or it can be decided in six months or a year. Relatively speaking, if in a month or two or three the process begins to normalize, then they can postpone the date from March 9, 2023 to January 1, 2023, ”the source added RT.

Ostapkovich believes that the Central Bank does not consider it possible to withdraw the dollar for direct sale and connect the population, since now there is a very high background of economic uncertainty and it is not clear how people will behave.

“When everything is more or less formed, then they will launch a normal sale,” the economist concluded.

Earlier it became known that the Central Bank of Russia extended the restrictions on the withdrawal of cash foreign currency until March 9, 2023.

Source: russian.rt.com

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