Economist Abramov: The ruble will strengthen if it is used to pay for imports
MOSCOW, October 22 – RIA Novosti. Using the ruble to pay for imports could strengthen the exchange rate. report Prime agency to Alexander Abramov, head of the laboratory for analysis of institutions and financial markets at the RANEPA Institute for Applied Economic Research.
More than 50 percent of Russia’s supplies to Europe in August were paid in rubles, according to the Bank of Russia. The Russian currency predominates in payments for resources with countries of the Asia, Oceania and Caribbean region. This could also have a positive impact on the ruble, but the economist is sure that it largely depends on the currency of import payments.
It is also important to accurately assess ruble reserves in the hands of non-residents, including revenues from the supply of goods to Russia. If they inflate prices for us, more rubles will accumulate in their accounts. Abramov concluded that currency exchanges would weaken the ruble once again.
We will have to sell. Russian exporters have no choice
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