news unrolled

Post: The reasons for the abnormal growth of the ruble revealed


Banknotes and coins. Archive photo

Investment strategist Suverov announced that the ruble has strengthened as the West expects sanctions against the NCC.

MOSCOW, September 27 – RIA Novosti. The ruble continues to strengthen steadily for some reason, said Agency “Prime” investment strategist UK “Arikapital” Sergei Suverov.

According to the expert, the growth of the national currency is associated with the tax period, but the main factor is the expectation of Western sanctions against the NCC in connection with the referendums. Noting that this situation will reduce the demand for dollars and euros, Suverov emphasized that foreign exchange restrictions are also valid against the US currency.

“This will accelerate the de-dollarization of the Russian economy and financial markets, the demand for the dollar and the euro may fall sharply. Banks impose fees for storing non-cash dollars, which destroys demand for it,” said the agency’s interlocutor. explained.

The investment strategist added that the fall in oil prices, political risks, foreign exchange interventions and the strengthening of the dollar in world markets may negatively affect the ruble.

Source: Ria

Leave a Reply

Your email address will not be published. Required fields are marked *