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Friday, December 9, 2016

The economy Ministry has predicted further strengthening of the ruble in the second half


The Ministry assured that the further strengthening of the ruble in the second half of 2016 will continue thanks to the “world situation”. In office, explained that the last time stock markets began to invest in riskier assets — including in the Russian currency. Partly this resulted and the outcome of the referendum in the UK.

With the scenario forecast of the economy for the first half indicated the average dollar exchange rate at 74.7 rubles, and the forecast for the second half — 65.9 rubles per dollar. “Thus, in the second half of 2016 will continue the strengthening of the ruble,” the Department concluded.

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