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Friday, October 28, 2016

Expert at Sberbank, talked about “appropriate for Russia” the ruble

Acting head of Sberbank CIB Igor Bulantsev has opposed the strengthening of the ruble. He noted that the strengthening of the Russian currency leads to a decrease in revenues in the budget. Currently, the ruble is kept in a quite acceptable range, Bulantsev considers.

“I think the range 62-67 rubles per dollar — very appropriate for Russia”, – he said in an interview with RNS.

The ruble strengthened markedly by mid-summer, almost ceasing to respond to fluctuations in oil prices. However, by the end of July the Russian currency has weakened. The official dollar rate for the weekend and on August 1 amounted to 67,05 of the ruble.

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