Dmitry Travin: “The exchange rate of the ruble will be predicted by weather forecasters”

“Let’s start with the Ministry of Finance. Deputy Minister Alexey Moiseev recently predicted the exchange rate. In general, this is a completely respectable activity for a representative of the Ministry of Finance - although, of course, completely useless for society due to the very whimsical behavior of the domestic currency against the backdrop of economic cataclysms.

Just recently, a high-ranking official would probably have speculated about the impact of the oil market on the currency, or, on the contrary, would have assured the population that the authorities would not allow the ruble to fall. Moiseev opened a new page in economic theory. “The ruble always strengthens in the first half of the year,” he said. “If you look at the last 20 years, the best period for the ruble is from the end of February to mid-May.”