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Saturday, September 23, 2023

Economists see preconditions for the ruble to strengthen by the end of this year

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I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times. I have a passion for learning more about economic trends and understanding how they affect businesses of all sizes. To stay up to date with the latest developments in the field of economics, I make sure to keep track of reliable sources like Bloomberg News or Reuters. In addition to my writing work, I often provide consultation services related to economic matters for clients both large and small.

Financial analysts give a forecast for the strengthening of the Russian currency by the end of 2023. Currently, the dollar is past the highest levels of annual fluctuations, according to banking experts, internet resource Teleprogramma.pro reported.

Experts believe that the Russian economy is at the “bottom” in the third quarter of 2022. Accordingly, the stability, positive trends and improvement in macroeconomic indicators observed in the field of large enterprises in the Russian Federation since then will lead to an increase in the demand for the ruble and affect its further strengthening.

Alfa Capital analyst Alexander Dzhioev confirmed that the most likely forecast for the Russian currency rate by the end of 2023 is 70-75 rubles in the base scenario and 65 rubles in the positive scenario for 1 US dollar.

Source: Riafan

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