What to do with the ruble?

The New Times asked experts

Oleg Vyugin : “The Russian economy largely depends on oil: if oil will grow further, then the Ministry of Finance can weaken the ruble strengthening with its interventions, but not much. According to my forecasts, there will be no 10 percent devaluation, it will be less. ”

Sergey Dubinin: “The ruble in the last two years fluctuates within 10% in relation to other currencies. Now the ruble has intensified, and within the framework of the current system it is quite stable. All talk about devaluation so far play the role of verbal interventions - so that the market will hear it. Oil prices are quite high, and if there are no new political risks, the ruble will retain its position. ”

Igor Nikolaev: “Oil prices are the most important indicator for our economy, but the ruble exchange rate is no less important. Export revenue in ruble equivalent becomes much larger if the dollar is higher. Therefore, the Ministry of Finance will seek weakening of the national currency with 60 rubles. for $ 1 to 67.5 rubles. When devaluation is announced - and 10%, alas, is a lot - to buy dollars more rationally. ”

Maxim Osadchiy: “There are no grounds for panic. The Ministry of Finance plans to buy about $ 100 million per day in the current conditions. But the effect of the intervention of the Ministry of Finance may be, firstly, compensated by the growth of oil prices, and, secondly, the influx of foreign investment in connection with the growing expectations of the abolition of anti-Russian sanctions. So the sharp weakening of the ruble due to the actions of the Ministry of Finance is not yet expected. ”

Recorded Anastasia Torop

Photo: Maria Olendskaya, press service of the President of Russia, Facebook.com