The financier predicted the minimum dollar exchange rate under sanctions. A record 83 rubles is not the limit

Under sanctions, the dollar can cost 50 or even 30 rubles
Photo:


news from the plot

Sanctions against Russia in general and the Urals in particular

The ongoing strengthening of the ruble is far from the limit. The dollar can cost 50 or even 30 rubles. This forecast was shared by Alor Broker analyst Alexei Antonov. However, a very cheap ruble is not profitable for the budget, he stressed.

“The strengthening of the ruble, which has been observed in recent days, is not the limit. In the conditions of severe restrictions on the purchase, use and export of currency on the one hand and a sharp decline in Russian imports on the other, the dollar can cost 50 and 30 rubles, “- said Antonov, Prime Agency.

But, according to him, too cheap a ruble is not profitable for the budget. “Therefore, the ruble will be determined by the monetary authorities, based on the balance of supply and demand of the currency, the needs of the Russian economy and the desired inflation,” – said the analyst.

According to his forecasts, in the near future the Central Bank may switch to a policy of reducing the key rate to 13-15 percent per annum and easing other austerity measures. In particular, the introduced 12 percent commission for the purchase of currency on the stock exchange may be reduced.

Earlier, The Washington Post wrote that the Russian economy and currency are recovering, despite sanctions against Russia. The ruble’s exchange rate is also affected by oil and gas exports, which bring Russia a flow of currency, the publication notes. The Bank of Russia has managed to avoid a deep financial crisis, said Elina Rybakova, deputy chief economist at the Institute of International Finance, the Association of Banks and Financial Companies.

The United States, European countries and other countries have imposed sanctions on Russia over a special operation in Ukraine in late February. After that, the ruble began to fall. According to the Moscow Exchange on March 31, the euro and the dollar fell to 83 and 88 rubles, respectively. These figures are lower than they were before the sanctions were imposed. Russian President Vladimir Putin has signed a decree on paying for gas only in rubles for unfriendly countries. This decision was supported by 76% of Russians, 27% of respondents believe that it will help strengthen the ruble.

If you want to report the news, write to us

Subscribe to URA.RU. Yandex.News and on our channel in Яндекс.Зенfollow the main news of Russia and the Urals telegram channel URA.RU. and receive all the most important news with delivery to your mail in our daily newsletter.

The ongoing strengthening of the ruble is far from the limit. The dollar can cost 50 or even 30 rubles. This forecast was shared by Alor Broker analyst Alexei Antonov. However, a very cheap ruble is not profitable for the budget, he stressed. “The strengthening of the ruble, which has been observed in recent days, is not the limit. In the conditions of severe restrictions on the purchase, use and export of currency on the one hand and a sharp decline in Russian imports on the other, the dollar can cost 50 and 30 rubles, “- said Antonov, Prime Agency. But, according to him, too cheap a ruble is not profitable for the budget. “Therefore, the ruble will be determined by the monetary authorities, based on the balance of supply and demand of the currency, the needs of the Russian economy and the desired inflation,” – said the analyst. According to his forecasts, in the near future the Central Bank may switch to a policy of reducing the key rate to 13-15 percent per annum and easing other austerity measures. In particular, the introduced 12 percent commission for the purchase of currency on the stock exchange may be reduced. Earlier, The Washington Post wrote that the Russian economy and currency are recovering, despite sanctions against Russia. The ruble’s exchange rate is also affected by oil and gas exports, which bring Russia a flow of currency, the publication notes. The Bank of Russia has managed to avoid a deep financial crisis, said Elina Rybakova, deputy chief economist at the Institute of International Finance, the Association of Banks and Financial Companies. The United States, European countries and other countries have imposed sanctions on Russia over a special operation in Ukraine in late February. After that, the ruble began to fall. According to the Moscow Exchange on March 31, the euro and the dollar fell to 83 and 88 rubles, respectively. These figures are lower than they were before the sanctions were imposed. Russian President Vladimir Putin has signed a decree on paying for gas only in rubles for unfriendly countries. This decision was supported by 76% of Russians, 27% of respondents believe that it will help strengthen the ruble.

About the author

lpnaf

Leave a Comment