The head of Sberbank estimated the fundamental exchange rate of the US dollar at 85-90 rubles. For German Gref, the most likely scenario is the stabilization of the exchange rate before the end of the year, rather than its weakening.
Chairman of the Board of Directors of Sberbank German Gref considered that the fundamental exchange rate of the US dollar is in the range of 85-90 rubles. The head of Sberbank spoke about this at a press conference after a meeting of the Supervisory Board of Sberbank.
“We have no expectation that it will move away from these levels,” Kommersant quotes Gref.
Gref also expressed the opinion that there are currently trends towards stabilization of the Russian ruble exchange rate. According to him, by the end of 2023 a scenario of exchange rate stabilization is more likely than a weakening one.
Author:
Kirill Bilyk
Source: RB
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