The rise in world commodity prices may cause the ruble to strengthen. aforementioned Vasily Koltashov, economist of the “Public News Service”.
The expert explained that the exchange rate is affected by world commodity prices and the revenues of Russian exporters from trade, as well as the policies of the Ministry of Finance and the Central Bank of Russia. According to him, the market process, despite the sanctions, could raise the exchange rate to 70 rubles per dollar in 2024 and fall even more if the cost of goods on the world market rises.
“On the other hand, our pro-Western financiers lobbied the government not to ask exporters to sell their foreign currency earnings. This ensured the game against the ruble. As a result, it collapsed more than necessary. Therefore, this factor can nullify all these positive moments about how Russia circumvented sanctions and achieved higher world prices,” he said.
All-Russian Center for Public Opinion (VTsIOM) knowledgeableAccording to the estimates of the Russians, in three months the dollar will cost an average of 95 rubles, and per year – 97.
Formerly an economist accepted growth of the dollar.