The exchange rate of the ruble against the dollar and the euro will stabilize when a new balance appears on the foreign exchange market between buyers and sellers of currency. The corresponding statement was made by the investment strategist of “BCS World of Investments” Alexander Bakhtin.
He stressed that the sanctions contraction of export flows coincided with the growth in demand for foreign goods before the New Year, the agency reports.Prime“.
In addition, in December, there is traditionally an increase in spending from the budget, this money should definitely be spent before the end of the year.
“The stability of the ruble could also be undermined by reports of easing of the Central Bank’s currency barriers, which were introduced in the spring as one of the tools to counter Western sanctions.“Bakhtin added.
He is convinced that after the December surge, demand for imports will decline. The factor of increased budget expenditures will also disappear. In addition, it will become clear exactly how the price ceiling for Russian oil works.
Earlier, Russian Finance Minister Anton Siluanov explained the current trend towards the weakening of the ruble. The minister explained this by the growth of imports to Russia.
According to the minister, the devaluation of the exchange rate occurs primarily due to the activation of imports.
