19 March 2024, Tuesday, 11:11
Support
the website
Sim Sim,
Charter 97!
Categories

Barys Zhaliba: Dollar’s exchange rate to reach Br18,000 – 20,000

71
Barys Zhaliba: Dollar’s exchange rate to reach Br18,000 – 20,000

The exchange rate of the ruble is to continue falling in the coming days.

“Salidarnasts” has asked Professor of Economics Barys Zhaliba what is the real exchange rate of the US dollar, for how long the authorities are going to maintain the existing exchange rate and when the equilibrium exchange rate in exchange offices could be expected.

- We have not reached the equilibrium exchange rate yet. It was a local, insignificant devaluation of the ruble. It is a temporary state. I think that the general trend would be oriented to further devaluation, – he said.

When the exchange rate is going to hit the bottom? The economist stresses that in this case many factors should be taken into account.

- The EU countries and the US confirmed that the sanctions against Russia remain in force. Oil prices are falling. These are the two factors which are to put pressure on the Russian economy, – he said.

According to the expert, the Russian market could shrink, and the volume of Belarusian export to Russia could decrease as compared to the last year.

- This group of factors confirms that our currency, in the same way as the Russian ruble, is to lose value further, – Barys Zhaliba said. – And there are also internal factors, and they are far from being optimistic as well. Have stock reserves of ready goods decreased? Have the effectiveness of production and competitiveness increased?

The economist believes that the today’s exchange rate of the US dollar is not a market rate.

- The equilibrium exchange rate will not be equal to 15,000 rubles per dollar. It will be possibly Br17,000 – 18,000, or it can even reach Br20,000, – he said.

According to the economist, the fall in the exchange rate of the ruble could continue in a matter of days.

Write your comment 71

Follow Charter97.org social media accounts