Conversation with Candidate of Economic Sciences Nikolai Kulbaka Tsargrad.tv He commented on the accelerating growth of the dollar in recent days. According to the expert, it is unlikely that the American currency will exceed the 120 ruble barrier in the near future.
“Unlikely until the new year, and it is difficult to say anything about the prospects for next year, because in principle there will most likely be some recovery. There will be fluctuations, but on average the rate will continue to weaken slowly, although not very quickly, with fluctuations in one direction or another, but will weaken,” said the economist.
He explained that the determining factor for Russia is the export and import rate. The more imports there are, the weaker the exchange rate will be as the demand for money for import transactions increases. In exports, the situation is exactly the opposite; the more, the stronger the exchange rate.
On November 27, the dollar exchange rate exceeded 111 rubles and the euro exceeded 113 rubles. Interviewed “socialbites.ca” Economists attributed this sharp increase to the impact of new US sanctions. Experts assumed that the American currency will rise to 115 rubles by the end of the year, calling the 120 ruble level an important psychological sign.
previously economist in the name Russians do not buy dollars at a time when the ruble is weakening.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.