GENERICO.ruЭкономикаThe Ministry of Economic Development predicted stabilization of the ruble exchange rate in 2024

The Ministry of Economic Development predicted stabilization of the ruble exchange rate in 2024

MOSCOW, September 22 The exchange rate of the Russian currency against the dollar will stabilize in the range of 90–92 rubles per dollar from mid-2024, according to the socio-economic development forecast Russia for 2024-2026, which is published on the website of the Ministry of Economic Development.
«By the end of 2023, the pressure on the trade balance and the ruble exchange rate from foreign trade will gradually weaken. Since June, there has been a reversal in the conditions of the world commodity markets — an increase in prices for oil and a number of other export goods,» the document says .
«In turn, an increase in the inflow of foreign currency through the current account, along with the ongoing diversification of its currency structure, will contribute to the strengthening of the ruble exchange rate at the end of 2023 — the first half of 2024. From mid-2024, the Russian currency exchange rate against the dollar The US will stabilize in the range of 90–92 rubles per dollar,” follows from the document.

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