The predicted fate of the ruble in 2019

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www.vsyako.netPhoto: Ilya Pitalev / RIA Novosti

The average rate of the Russian currency against the U.S. in 2019 will amount to 65.1 rubles. This is stated in the report of the Ministry of economic development “Scenario conditions of the socio-economic development in the years 2019-2024”.

The Agency listed the factors which during the year will influence the national currency. Thus, in the first quarter of 2019, the ruble was weaker than expected — 66.2 per ruble against the expected 64.2 ruble. However, during the year in favor of strengthening the Russian currency will play a resumption of the inflow of foreign investment in OFZ market, the weak dynamics of imports of goods and services against the background of tight monetary and fiscal policy and the weakening us and European currencies.

Key factors weakening of the ruble will be easing fiscal and monetary policy in the second half, the continuation of excessive intervention by the Bank of Russia on the currency market and falling prices for oil and other Russian exports.

Earlier, the rector of Ranepa Vladimir Mau said that in 2019 the key risks for the ruble will come from foreign market conditions — in particular, the sanctions of the West. However, Mau said that the ruble has finally gone from a hard peg to the dynamics of oil prices.

Video, photo All from Russia.

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