Forget about the dollar: Russians were given valuable advice

11 September 2018, 21:03 | Economy
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It's time for the ruble, says Maxim Oreshkin, Minister of Economic Development of the Russian Federation. Therefore, American money should be abandoned in favor of Russian. He explained the current ruble rate, referring to the market situation taking into account the volatility of the sanctions history. "This has led to a serious increase in the short-term capital outflow for the next six months, and the rate that is corresponding to this capital outflow is weaker. Long-term, beyond twelve months, we see no reason why these indicators should be changed, because we have stability, "Oreshkin commented on the ruble rate in an interview with BFM. Ru. He clarified that the stability of the course is influenced by "basic things". Among them, according to the minister, the budget rule and low inflation. It is just "ensures the stability of the currency and its purchasing power in the long run".

And in the medium term, the head of the Ministry for Economic Development said, the department expects to reduce oil prices by about $ 60 per barrel. "Just in such scenarios, we calculated the budget rule that was introduced and which takes a cut-off of $ 40 per barrel.

This is quite far from the current values ??and suggests that the stability of both the budget and the balance of payments at $ 40 per barrel will also be at a fairly good level, "concluded the chief Russian economist.




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