Photo: Ramil Sitdikov / RIA Novosti
The Ministry of economic development revised its forecast for the dollar to 2018-2019 in the direction of weakening of the ruble, said in a research report “Picture of the economy. August 2018”, published on the website of the Department.
According to a new forecast of economic development, the average dollar exchange rate in 2018 will be equal to 61.7 ruble. Previously, this value was 60.8 ruble. In 2019, one dollar will cost 63.9 63.2 per ruble against the former.
According to the Ministry, the weakening of the ruble to dollar for the period from July to August amounted to about 8 per cent, from 62.9 to 66 rubles per dollar.
However, the authors of the report remain optimistic about the future of the Russian currency and believe that its course will be aligned to the previously declared values in 2020. “The fundamental conditions of functioning of the Russian economy in the medium and long term will not change significantly. In this regard, the Ministry of economic development retains unchanged the forecast of the ruble in 2020-2024 years,” the document says.
In 2020, the average rate of the dollar, according to the forecast of Ministry of economic development, will amount to 63.8 euros in 2024-m — 68 rubles.
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