Analyst Vasiliev warns that the role of the dollar and euro will decline in the coming months

Sovcombank’s chief analyst Mikhail Vasilyev told the agency: “Hitting the Primer” about reducing the role of the dollar and euro in the coming months.

According to the expert, the exchange rate of the ruble against the dollar will be stable, by the end of the year it will be 65-70 rubles.

“The Bank of Russia and commercial banks are pursuing a policy of de-dollarization, banks and brokers impose increased commissions on foreign currency accounts, the Ministry of Finance and the Central Bank will replenish the country’s reserves with friendly currencies (probably primarily). yuan),” explained Vasiliev.

The expert believes that confidence in the euro and dollar has weakened after a series of anti-Russian sanctions, the arrest of foreign currency reserves and the withdrawal of Western companies.

Previously reportedThe Central Bank of Russia has set the official exchange rate for the US dollar at 61.31₽, euro – 62.57₽ for the upcoming weekend.

Forbes July 29 issue WroteHe reported that the Bank of Russia is discussing with participants in the foreign exchange market how to determine the exchange rate of the ruble against the dollar and the euro in the event of the cessation of foreign exchange trading.

Source: Gazeta


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