Photo: Valeriy Melnikov / RIA Novosti
The equilibrium exchange rate of the ruble in the absence of purchases of foreign currency for the Ministry of Finance and at the current price of oil is around 50 rubles per dollar. This opinion was expressed by the head of the Ministry Maxim Oreshkin in an interview with RIA Novosti.
According to the Minister, the weakening of the ruble due to the short sharp outflow of capital from Russia, and as soon as the churn stops, the trend will reverse in the opposite direction. “If you look at yesterday, the ruble began to strengthen, despite the fact that in global markets developing currencies felt stable,” he added.
Oreshkin agreed that “any storm in the global economy will always be limited to Russia,” but assured the existence of a very large airbag.
September 11, Oreshkin said that the time has come to sell dollars and buy rubles. The economic development Ministry predicts a gradual return to macroeconomic equilibrium. In the framework of a floating exchange rate possible significant fluctuations.
On 10 September the us dollar exchange rate broke the mark of 70 rubles.
Video, photo All from Russia.