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Sunday, October 23, 2016

Day of the victory of the ruble: the currency strong, as parade participants

In recent days, the ruble grew quite steadily against the dollar and the Euro. How stable is this course to strengthen the former “wooden”? What we will enjoy the power of the national currency on the Day of Victory? This “MK” asked the scientific Director of the RAS Institute of Economics Ruslan Grinberg.

photo: Natalia Gubernatorova

– The holidays evoke optimistic mood. And as the ruble is now match for them. Our currency has strengthened in recent weeks in connection with the reversal of oil prices to the upside.

– Will the ruble in the victory Day the new frontier?

– We can be absolutely quiet for the ruble in coming days. The national currency is definitely to the Victory Day will hold, like soldiers on parade: bravely and proudly.

– And what will happen then?

– And then all as in a fog: it is difficult to predict. The strengthening of the ruble in the last time was due to the rise in oil prices. But now, unfortunately, can be seen as preconditions that the current trend to reduce the price of oil will resume. And then probably a new weakening of the ruble. But it is not required. We have a Central Bank that can always intervene in market processes and to keep the ruble at a decent level regardless of fluctuations in oil prices. However, the last time he didn’t. But then take that and make!

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