Russian authorities are ready to allow the ruble to weaken to 100 rubles per dollar, Bloomberg writes, citing well-informed sources. According to them, the depreciation of the national currency will even benefit the budget amid plans to increase spending in 2025.
Author:
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In 2023, the ruble reached 100 rubles per dollar twice. In response, the Central Bank raised the key rate and the government tightened capital controls, forcing exporters to repatriate 80% of foreign currency earnings.
However, now the weakening of the ruble does not cause much concern among Russian officials, Bloomberg interlocutors said. “In the current situation, 100 rubles per dollar is not so terrible, although it has a certain inflationary effect,” noted economist Oleg Vyugin, head of the board of directors of NAUFOR and former first vice-president of the Bank of Russia, in a conversation with the agency .
The Ministry of Economic Development expects that the dollar exchange rate will exceed 100 rubles in July 2026. According to the forecast of socio-economic development for 2025-2027 prepared by the department, this year the average dollar exchange rate will be 91, 2 rubles, in 2025, from 96.6 rubles.
Economists surveyed by Vedomosti previously said that the dollar could exceed 100 rubles as early as 2025, citing risks of high inflation and a likely increase in the key rate to 19-22% annually.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
