The Ministry of Finance explained why the dollar has been growing in recent days. This is due to an increase in imports and a drop in export earnings, said the head of the ministry, Anton Siluanov. He added that the Central Bank now “does not set limits.”
The Minister of Finance of the Russian Federation, Anton Siluanov, described the reasons for the growth of the US dollar as the increase in imports and the fall in export earnings.
According to the head of the Ministry of Finance, the exchange rate adheres to market principles and floats in the face of changes in the external economic situation.
Russian energy prices have risen, which is a sign of more foreign currency coming into the country, Siluanov added. This may lead to the fact that the ruble will strengthen, he emphasized.
Siluanov did not begin to suggest what indicators the dollar exchange rate could achieve, noting that the Bank of Russia “does not set limits.”
Exchange rates have been rising for the past few days. Today, April 6, the US dollar exchange rate exceeded the psychological mark of 80 rubles, the euro rose in price to 88 rubles.
Author:
Kirill Bilyk
Source: RB
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