It is unlikely that the dollar exchange rate will rise to 100 rubles in December, said “Moscow 24” economist, leading expert of the Center for Political Technologies Nikita Maslennikov.
“There are many factors that can stabilize the Russian currency, so the dollar will be in the range of 90-95 rubles. “In general, the second half of the month should be calmer than the first half in terms of exchange rate fluctuations,” he said.
According to him, this will be affected, among other things, by the possibility that the Central Bank will increase interest rates at the next meeting on December 15. In addition, Maslennikov stated that the end of the year will have a positive impact on the ruble along with tax payments.
“Exporters will begin to actively sell their foreign exchange earnings. “This will not allow the ruble to weaken significantly,” he said.
Candidate of Economic Sciences, Associate Professor of the Department of Finance at the Russian University of Economics for Sustainable Development. GV Plekhanova Ayaz Aliyev previously aforementioned “socialbites.ca” says that the limit of dollar strengthening in December will be the level of 93-95 rubles, the euro – 102-105 rubles.
former financier reportedincreased money demand is now weakening the ruble exchange rate.