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Post: The expert listed the factors that can accelerate the dollar to 100 rubles


One Ruble coin in one US Dollar bill. Archive photo

Economist Shulgin said the risk of overclocking the dollar to 100 rubles due to the global recession

MOSCOW, September 18 – RIA Novosti. The global recession, the next “hell” sanctions, a sharp drop in payment surplus or geopolitical aggravation will reduce the ruble to 100 rubles, said To Prime Minister’s agency Mikhail Shulgin, head of global research at Otkritie Investments.

The expert emphasized that the parameters of the new rule are still unknown, and at the same time, the Ministry of Finance is ready to restart interventions.

“Based on the price of Ural oil at around $80 per barrel and production of 10-10.5 million barrels per day, foreign exchange interventions can range from $3 to $3.5 billion per month. According to Otkritie Research, launching interventions could lead to a weakening of the ruble. by seven to ten percent according to the levels,” he said.

According to the expert, a dramatic weakening of the ruble, for example, a recession in the global economy, will require a fall in demand for commodities. Shulgin stressed that the sixth package of anti-Russian sanctions must actually be effective in order for the dollar to approach 100 rubles.

Source: Ria

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