Date: 2 weeks ago   Category: Economy

The Ministry of Finance worsened the forecast of ruble exchange rate — Rambler News Service


Photo: globallookpress.com/Demian Stringer the Ministry of Finance lowered the forecast for average annual ruble-dollar exchange rate in the current year from 63.9 rubles for dollar up to 65.1 rubles for dollar, reported in the press service of the Ministry of Finance, commenting on the amendments to the law "About the Federal Budget for 2019 and for Planning Period of 2020 and 2021" prepared by the ministry. "... the forecast of an exchange rate of ruble following the results of a year was revised towards insignificant easing: according to the current estimates average annual rate of national currency in 2019 will be 65.1 rub for US dollar against 63.9 rub for US dollar considered when forming the law on the budget of 2019-2021", - reported in the Ministry of Finance. The ministry noted that, "despite observed strengthening of ruble (following the results of January-April, 2019 strengthening of an average nominal rate of ruble to US dollar was 5.1% in comparison with average value in 2018), a ratio it develops slightly more weakly, than it was supposed earlier". At the beginning of April the Ministry of Economic Development reported that, according to the forecast of the ministry, "ruble-dollar exchange rate on average in 2019 will be 65.1 rubles, weakening of ruble exchange rate will be connected, including with the expected reduction of prices of oil". It was noted that in the first quarter 2018 ruble exchange rate developed weaker than expectations of department - 66.2 rubles for dollar against the expected 64.2 rubles for dollar.

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