Economist Yegor Klopenko talked about the ruble exchange rate until the end of April. According to him, it will stay around 70-80 per dollar. The expert told the agency Hit the lining.
Klopenko noted that there will be no further significant strengthening as there is no economic justification for this. According to the expert, the anti-Russian sanctions did not have a tangible effect on the local currency. Klopenko believes that the authoritative policy of the Central Bank of Russia (CBR), a significant positive foreign exchange balance of trade operations and the absence of panic, is helped by several factors.
Oleg Shibanov, Former Director of SKOLKOVO-NES Center for Financial Technology and Digital Economy Studies announced Reasons for the stability of the ruble. According to Shibanov, there is currently a high supply of exporters who have to sell 80% of their foreign exchange earnings and have lower demand than importers. In addition, the expert pointed out that there was no demand from the Russian Ministry of Finance, which did not buy dollars due to the freezing of dollar accounts.
Ruble exchange rate record in early April reinforced dollars. On the morning of April 7, traders for the American currency gave less than 75 rubles. – 74.6 as of 10:20 Moscow time. By 14:30 Moscow time, foreign exchange prices on the Moscow Stock Exchange (MICEX) regained their positions and rose to 75.94 rubles. per dollar. The euro was traded at less than 83 rubles in the morning. There has been no such indication since February 10.
Source: Gazeta
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