Head of the Ministry of Finance of the Russian Federation Anton Siluanov said that the ruble exchange rate should be predictable for those participating in foreign economic activities (FEA). He talked about this in an interview with the TV channel. “Russia 1”.
According to him, the exchange rate must be predictable for our participants in foreign economic activities, whether exporters or importers.
Siluanov emphasized that some benefited from the weak exchange rate, others from the strong exchange rate, but the Ministry of Finance and the Government of the Russian Federation benefited from the prescribed exchange rate.
He added that the ruble exchange rate is included in the draft budget of the Russian Federation for 2024-2026. It is provided at the level of 90 to 92 rubles per dollar, but may vary depending on external factors.
Before that, financial expert Andrey Vernikov statedHe said that the current US dollar exchange rate above 100 rubles does not suit the Russian authorities and they are using available opportunities to reduce it to the range of 85-92 rubles.
He stated that a new increase in the Central Bank’s interest rate is unlikely to be effective and work.
Previously recognizedHow will the weakening of the ruble affect the state of the economy?