The dollar rate will not exceed 100 rubles until the end of 2023, aforementioned Economist Georgy Ostapkovich, director of the Market Research Center “Moscow 24” of the Institute of Statistics Research and Economics Information of the National Research University Higher School of Economics.
“By the end of the year, the dollar will probably be in the 93-98 range, a maximum of 100 rubles. Our over 100 regulators will not let the dollar go,” Ostapkovich said.
In addition, the economist is confident that such a currency ceiling will become a psychological limit for the Russians. He explained that he attributed people crossing the 100 rubles per dollar limit to “something bad.”
“If it approaches 100 or enters the 100 range, I think the Central Bank and the Ministry of Finance will take various measures to stop this decline. The expert stated that they have the necessary power to carry out such operations.
Dollar rate at the opening of the Moscow Stock Exchange on September 5 exceeded 97 rubles for the first time since August 16.
BCS Forex analyst Anatoly Trifonov previously aforementionedHe said that this week, the dollar will be traded in the range of 95-98 rubles, and the euro will be traded in the range of 101.5-104.5 rubles.
Previously, the Ministry of Foreign Affairs of Russia take into account the dollar is the “problematic” currency.