Kudrin predicted the stabilization of the ruble after his “mild easing” – RBK

18:38

Kudrin predicted stabilization of the ruble after his “mild easing”

the ruble after the start of the Ministry of Finance purchase foreign currency on the market waiting for a “mild weakening” and subsequent stabilization. This was stated to journalists by the head of the civil initiatives Committee and former head of Department Alexey Kudrin, reports “Interfax”.

Kudrin predicted that foreign exchange interventions will reduce the rate “to the level of 63-64 rubles per dollar”. The purchase of currency is not the only factor affecting the ruble, he said.

“the Trend for soft reduction, but in General, most likely, he will subsequently remain stable,” — said the former Minister.

Since February, the Ministry of Finance and the Central Bank will buy foreign currency on the domestic market. The volume of interventions will depend on the amount of the windfall from the sale of oil and gas. It will be adjusted on a monthly basis. Operations should increase “stability and predictability of domestic economic conditions” and to reduce the impact on the Russian economy on oil prices.