Expert Belyaev predicted a collapse of the exchange rate to 85 rubles per dollar

© GLAVNY.TV Russia

The ruble fell sharply in the first quarter of this year. Doctor of economics, financial analyst Mikhail Belyaev shared a pessimistic forecast for further fluctuations in exchange rates.

According to the expert, the exchange rate is determined by the general state of the economy. Last year, the situation in Russia in this sense was more favorable, while the United States was in a pre-crisis state. However, at the end of 2022, the Russian economy froze, while America and Europe faced their problems.

“Today in Russia the development (of the economy) has actually been put on hold by the body of entrepreneurs, which is not doing what it should. Business is waiting either for the return of some old times, either the state again provides incredible support, ”quotes the interlocutor Moskovsky Komsomolets.

Belyaev believes that in the future one should not expect a 100-ruble dollar, because the state will be concerned with developing the necessary support measures. But while they are starting to act, the rate can be fixed at around 85 rubles per dollar.

Earlier, the head of the Central Bank, Elvira Nabiullina, said that the fall in the ruble exchange rate was caused by a drop in exports and oil prices. The increase in the cost of the resource will affect the national currency in the future.

Read the Latest Government Politics News on The Eastern Herald.

More

Show your support if you like our work.

Author

News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Comments

Editor's Picks

Trending Stories

Daisy Drew viral videos: What fuels leaked searches online

Daisy Drew viral videos have become the spark behind...

Malaysia to host historic 47th ASEAN summit with world leaders

KUALA LUMPUR — The corridors of Malaysia’s Putrajaya Convention...

Prostitution in Dubai: Understanding the Dark Side of the City

Dubai, a city celebrated for its lavish shopping experiences,...

Is Kahoot 100% free?

Is Kahoot 100% free? This is one of the...