It seems unlikely that the ruble will experience a sharp depreciation in 2024. This forecast was given to socialbites.ca by Candidate of Economic Sciences, Associate Professor of the Basic Department of Financial Control, Analysis and Audit of the Main Control Directorate of the Moscow City REU. GV Plekhanova Yulia Kovalenko answers the question of whether the price of the dollar will rise to 100 rubles in 2024.
The economist announced that the American currency will cost 85-95 rubles this year.
“Since October 2023, the national exchange rate has stabilized, the cost of the dollar is 87-92 rubles. This is due to the presidential decree on the mandatory sale of foreign currency earnings, as well as the tight monetary policy of the Central Bank of Russia. “According to the decree, Russian exporters are required to sell their foreign exchange earnings, which allows establishing a balance between foreign exchange supply and foreign exchange demand in the domestic market,” he said.
Therefore, he ruled out sharp fluctuations in the ruble exchange rate in 2024 and said that a sharp decline is unlikely.
“There are Western sanctions that directly affect the situation in the global economy. “There may be jumps in exchange rates, but only in case of unforeseen circumstances beyond the control of a particular country,” Kovalenko admitted.
At the close of trading on the Moscow Stock Exchange on Friday, the dollar rate was 88.41 rubles. Since the beginning of the year, the price of American and European currencies against the ruble has fallen by 2 percent. What will be the “bottom” of the dollar and euro in 2024? material “Newspapers.Ru”.
Previously on “BCS” in the name The factor of sharp strengthening of the ruble exchange rate.