EconomyThe economist explained why we will not see the...

The economist explained why we will not see the dollar at 50 rubles

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Banknotes.. Archive photo

Economist Loktyukhov: To strengthen the ruble, it is necessary to reduce geopolitical risks

MOSCOW, October 11 – RIA Novosti. The weakening of the ruble that began at the end of September continues – the dollar and the euro update their highs and try to gain a foothold above the psychological 60 rubles. Unless something unexpected happens, it’s not worth waiting for a new round of buffs in the near future. said To Prime Minister Evgeny Loktyukhov, head of the PSB’s economic and sectoral analysis department.

“The weakening of the Russian currency is facilitated by both the low activity of exporters, which narrows the supply of foreign currency, and the aggravation of the geopolitical situation,” the expert said.

He reminded that the revival of imports, which started, reduced the trade surplus that previously strengthened the ruble. Also, against the background of geopolitical tensions, the population’s demand for cash is growing.

Approaching the next tax period requires an increase in the cash supply to slightly support the ruble. However, it is unlikely that we will see the rate below 58-60 rubles per dollar. In order for the ruble to become stronger, it is necessary to weaken geopolitical risks and/or impose new sanctions on Russian stock markets that will make the dollar and euro even more “toxic”.

Source: Ria

Regina
Regina
With a passion for storytelling and reporting, I am an experienced writer and Editor with a focus on sports. As an Author at News Unrolled, I write engaging stories on the latest developments in the world of sports. My articles have been featured on numerous global media outlets and my work has been highly praised by renowned editors.

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