The ruble is based on an honest word

07 December 2017, 10:31 | Economy
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In the coming months, the value of the ruble will not change drastically.

The Russian currency is insured against changes in investor sentiment and from the conjuncture.

of oil prices. Therefore, the Minister of Economic Development of the Russian Federation Maxim Oreshkin is sure:.

in December, the ruble "will not collapse, and next year will not collapse". The minister recalled that in April he claimed overvaluation.

ruble and predicted a drop to the level of 67 rubles for $ 1 by the end of the year. Since then.

The real effective rate has decreased by about 7%. Relatively.

the ruble sank not so much, but "it has largely become.

consequence of our underestimation of the weakness of the dollar in the world market, "noted.

Oreshkin in an interview with the newspaper. RU". Now the Russian currency has reached its objective.

of cost. "That overvaluation of the ruble, which was in April, is this.

7% weakening of the real effective ruble rate now.

leveled, and the ruble is traded roughly where it should be traded,.

based on all our model estimates and the level that is necessary for balancing.

balance of payments, "- said the official. Protect the Russian monetary unit from exchange rate fluctuations.

helps the budget rule that came into force this year. When receiving.

additional revenues from oil and gas exports Ministry of Finance of the Russian Federation.

increases the volume of purchases of foreign currency in the domestic market. For the first.

This weakens the ruble, but such measures "provide greater.

stability and decrease in dependence of fluctuations of internal indicators (rate,.

inflation, GDP dynamics) from fluctuations in oil prices ". "Oil prices rose - this is the Ministry of Finance.

will react with increase in purchases of currency in the domestic market. Oil will fall.

- accordingly, these purchases will be reduced. The fluctuation of these purchases is.

compensation and protection of the domestic market from external fluctuations;.

stable and predictable conditions, which are necessary for the business to.

carry out long-term planning so that banks issue long-term loans.

Everything is aimed precisely at this, "explained the minister of government. Previously, independent experts predicted a significant.

weakening of the ruble rate before the New Year holidays. According to the financiers,.

A number of factors will contribute to the reduction of the national currency: purchase.

of foreign currency by the Ministry of Finance in December to the amount of 203.9 billion rubles. , termination.

the growth of oil prices, the growth of geopolitical tension around the RF in anticipation of new.

sanctions, lowering the discount rate of the US Federal Reserve and raising the rate by the Bank of Russia.

Experts predicted that by the New Year $ 1 will cost more than 60 rubles.

In the government on this account have a different opinion.

Russian Prime Minister Dmitry Medvedev had previously been in solidarity with Maxim Oreshkin,.

saying that the outbursts and crashes of the ruble rate before the New Year.

foreseeable. Before that, it was reported that the Ministry of Economic Development of Russia will present a new macroeconomic forecast in early 2018.




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