Information shared Assistant to the President of the Russian Federation Maxim Oreshkin. In an interview with Moskovsky Komsomolets, he noted that the current exchange rate of the ruble against other currencies depends on the volume of temporary capital outflow from the country, the repayment of external debt and the repurchase of foreign assets.
“At the same time, continued rapid growth in domestic demand could offset this whole story. To summarize: the ruble is now strengthening and may strengthen further. But in general, you shouldn’t count on any cardinal deviations of the ruble exchange rate from the current equilibrium values.”
As a result, the Russian government does not expect strong fluctuations in the value of the ruble in the near future. According to the authorities’ expectations, the rate will remain at approximately the same positions for now. Let us remind you that on the morning of November 22, 2023, the dollar costs about 88 rubles on the Moscow Exchange.