Ruble Against Dollar: How Central Asia is Profiting - An Analysis.


According to the article, the Russian ruble has increased due to the decline of the dollar, which affects labor migrants from Central Asia. Migrants monitor the exchange rate and send more money when the rate rises. A lot of money transfers are made from Russia to Tajikistan, Kyrgyzstan, and Uzbekistan. Now, migrants have more money, which helps them build houses and support their families. Experts, however, warn that this growth of the ruble may be temporary and the rate may decline again.
Despite the economic advantages, migrants face risks in Russia, including racism and police brutality. The possibility of being drafted for military service and sent to Ukraine is particularly dangerous. After the terrorist attack, the situation for migrants has worsened, and many of them have been deported. Central Asian countries have not yet been able to find alternative destinations for their labor migrants, as the Russian language remains attractive to many workers. However, this situation may change in the future.
Analysis:
The article describes the impact of the ruble's growth on labor migrants from Central Asia working in Russia. According to the data, the ruble is rising after the dollar's decline, leading to an increase in the value of money transfers that migrants send to their families in their home countries. This gives them more financial resources to improve their lives and share these funds with their families. However, the article also notes the risks faced by migrants in Russia, such as racism and police brutality. This threatens the safety of migrants and creates uncertainty about their future. Many migrants are being deported from Russia, indicating a growing anti-migrant sentiment in the country. Even under such conditions, Central Asian migrants still have no alternative places for employment, so Russia's society and economy continue to attract them.
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