The share of national currencies in import payments rose to a record 82%

The share of national currencies in the Russian Federation's payments for imported goods and services has reached 82%, according to the Central Bank's statistics studied by Izvestia. At the same time, the ruble occupies a large volume of payments - in the fourth quarter of 2024, it accounted for almost half of all settlements (more than 48%). The rest are monetary units of our partners, such as yuan or dirhams.

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"Toxic" currencies (dollar, euro and money of other unfriendly countries) occupy a share of less than 20% of all settlements for imports, follows from the quarterly data of the Central Bank. In trade with Asia - it is only 10%, and in payment transactions with Europe, the figure fell below 40% for the first time.

In export payments the situation is similar - the combined share of the ruble and national currencies exceeded 82% by the end of the IV quarter of 2024, follows from the regulator's data.

Dedollarization ultimately affects the ruble exchange rate, said Alexander Shepelev, stock market expert at BCS Investment World. The less frequently the American currency is used, the less demand for it inside the country and the lower its value relative to Russian money. This factor provides fundamental support to the ruble.

The ruble depends on the inflow of foreign currency in the Russian Federation, but the need for it is fully provided by export revenues, said analyst of FG Finam Alexander Potavin. All the rest, which previously required dollars and euros, now we are ready to sell for national currencies, the deficit of which is not.