Andrey Vernikov, head of IC Univer Capital’s investment training and analysis department, forecast the dollar exchange rate by the end of 2022. He advised the Russians not to rush into selling the currency for a while.

The dollar will grow to 75 rubles by the end of the year – IC “Univer Capital”

In the near future, the dollar will be in the range of 55-68 rubles. By the end of the year it will rise to 75 rubles, Izvestia reported.

According to the economist, it is not profitable for the state to have a stronger ruble. If the dollar approaches 55 rubles, the authorities will intensify verbal interventions to weaken the ruble, "and will also try to raise the exchange rate by buying foreign currency from hostile countries," Vernikov said.

The weakening of the ruble will be affected by a gradual increase in imports, including from Turkey, and consumer loans to the population. Therefore, it is too early to engage in the sale of currencies.

Financiers previously predicted the ruble exchange rate for July: 48 per dollar, 53 per euro. The exchange rate of the Russian national currency is now influenced by business operations, the balance between exports and imports. The strengthening of the ruble is influenced by the slow recovery of imports, raw material contracts are converted into rubles.

Author:

karina pardaeva

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.

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