The Russian Ministry of Finance forecasts the ruble exchange rate at 94.3 rubles per dollar until the end of 2023.
The ruble exchange rate fell below 92 rubles per US dollar for the first time since November 13 and 100 rubles per euro for the first time since October 26. This was confirmed by trading data on the Moscow Exchange, the publication wrote Russian on December 5 Businessman.
The ruble exchange rate is falling following world oil prices. On December 4, benchmark crudes closed at their lowest levels since November 16; today was weak as investors continue to assess the potential impact of last week’s OPEC+ meeting on the oil market.
The Russian Ministry of Finance forecasts the ruble exchange rate at 94.3 rubles/dollar by the end of 2023.
Let’s recall that on October 27, the Board of Directors of the Bank of Russia decided to increase the main rate for the third time in a row by 200 basis points – up to 15%.
Kremlin Speaker Dmitry Peskov urged Russians not to worry about the depreciation of the ruble.
Source: korrespondent
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