Russian President Vladimir Putin said at the CIS summit in Bishkek that the ruble/dollar exchange rate is not associated with any problems in the Russian economy. His words guide the way TASS.
“The dollar exchange rate has nothing to do with any problems in the economy. “There is no such thing,” he said.
According to the head of state, the Russian economy is stable, good macroeconomic indicators are observed and forecasted. At the same time, the dollar/ruble exchange rate is also associated with the currency regulation abandoned by Russian authorities.
Dmitry Babin, stock market expert, formerly at BCS World of Investments said “socialbites.ca” said that the mandatory sale of foreign exchange earnings by Russian exporters provides immediate psychological support to the ruble exchange rate, cools speculative demand for foreign currency and encourages its sale by participants who are not subject to this condition. The official noted that forced sales of proceeds are currently unlikely to provide direct support to the ruble exchange rate.
Previously analyst Buivolov guess Next week’s dollar rate.