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Post: An unexpected forecast for the ruble was given in the second half of 2022


One Ruble coin in one US Dollar bill. archive photo

Analyst Syrovatkin: In the second half of 2022, the dollar rate may exceed 80 rubles

MOSCOW, May 29 – RIA Novosti. He told the agency that the recently observed strengthening of the ruble could end in the second half of 2022.hit the primerOleg Syrovatkin is Lead Analyst for Otkritie Investments’ Global Research Department.

The expert reminded that the ruble exchange rate, which is currently quite strong, is supported by the restriction of imports, as well as the obligations of exporters to sell part of their foreign exchange earnings.

However, now the authorities are pursuing a policy of gradually loosening currency controls. This, combined with growth in imports due to the gradual restructuring of supply chains, should cause the ruble to weaken, the source said.

“All these events can seriously alter the market balance of foreign exchange supply and demand in the second half of the year and shift the dollar’s “fair” exchange rate to more than 80 rubles,” Syrovatkin said.

Source: Ria

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