The Minister of economic development predicted the strengthening of the dollar to RUB 62-68

If the current oil prices the dollar by the end of 2017, according to the forecast of the Minister of economic development Maxim Oreshkin, will grow to about RUB 62

“Active growth of imports and a seasonal deterioration in the balance of payments already in the summer months will lead to the formation of the current account deficit, which will form the prerequisites for the weakening of the ruble”, — said the Minister, speaking at a meeting of the Russian government.

In the case of falling oil prices the ruble, according to Oreshkin, will decline more rapidly, and by the end of 2017, the value of the dollar on the exchange could reach $ 68 RUB.

“As for the forecast for 2018 to 2020, in terms of inflation, the current monetary policy will ensure price growth at the target level of 4%. The exchange rate will slightly weaken in nominal terms against the dollar, while in real terms it is somewhat strengthened”, — said Oreshkin.

In the course of trading on the stock exchange ICE cost of a barrel of Brent crude oil on Thursday, April 13, is around $56. The dollar and Euro on the Moscow stock exchange when it traded in the red zone. The value of the dollar at the low was down about 10 kopecks compared to the closing of the previous trading session, the Euro — by about 20 kopecks.

At the beginning of April. advised Russians to think about currency exchange, explaining that his Agency expects a decline of the ruble. “In principle, we believe that the moment for the importers and the population, which is preparing for foreign travel, it is very profitable to buy foreign currency”, — said Oreshkin.

5 April 2017 the dollar on the Moscow stock exchange has fallen to a mark of 55.8 rubles, which was an absolute minimum since the beginning of July 2015.