Exchange rates in Russia: What to wait for this fall?

Published: September 9th, 2016

With the advent of autumn, the stability of currency rate in Russia holding over the summer, may result. Experts say: the authorities deliberately keep the inflated value of the ruble before the State Duma elections, scheduled for September 18th. Meanwhile, the country's budget deficit has exceeded 1.5 trillion rubles.

[Vladislav Zhukovsky, economist, stock exchange expert ]:
"We see that the education, health, social sphere, housing and communal economy, economy are under-funded... Many articles on the budget are financed for the first six months to a maximum of 25-30-40%, while should have being for the halve ... In this situation, the overvaluation of the ruble - a pure attempt to make a good face with a very bad game. "

Sberbank CIB analysts calculated that at current oil prices not exceeding $ 50 per barrel, "fair" exchange rate of 72 rubles per dollar.

[Vladislav Zhukovsky, economist, stock exchange expert]:
"The fall probably will be in November and December. The next goal - 72, and then to 78-80 rubles to the dollar. There are very few practical scenarios of others. "

Experts notice that the strengthening of the Russian currency is not profitable for the state budget. At low rates of foreign currency government loses a large part of export revenues. Sale of oil and gas fills the budget by 43%. In terms of profit it is: the cheapening of the dollar by 1 ruble washes away from the budget of 150 billion rubles.

[Sergei Hestanov, economist, advisor to brokerage house]:
"But it is not necessary to be a great economist to figure out that the weakening of the ruble effectively fills the budget ... All the problems of the budget system in the foreseeable future, at least, will be addressed by the weakening of the ruble. Just because a drug is on the budget on the one hand free of charge, on the other hand, it helps exporters to fill almost half the budget. "

Experts share tips on how best to dispose of the funds in the coming months.

[Basil Koltashov, Institute of Globalization and Social Movements]:
"The current situation should be used to buy everything you need. Buy good furniture, buy a good electronics. "

[Vladislav Zhukovsky, economist, stock exchange expert]:
"The marginal propensity and rate of consumption should be reduced, the savings rate - rise. More save for a rainy day, for children's education, health care and medicine. Deathly stash in the green currency, as it was in the 1990s, when many survived. In fact, we go back to the same era. "Experts advise to keep money, in dollars and euros. Without excluding, however, that the winter of foreign currency as may fall in price due to political and economic changes in the US and Europe.

Source: ntdtv.ru

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