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Tuesday, May 30, 2023

More than 50% of Russians expect exchange rates to rise in the coming months

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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.

TASS, citing the monitoring of the Analytical Center of the National Financial Research Agency, reported that about 53% of Russian residents predict an increase in the dollar and euro in the near future.

Most respondents talk about the growth in the value of their currencies, but 47% expect the indicators to decrease or remain at the current level. About 30% of Russians predict that the ruble will strengthen their position, and another 16% expect current indicators to remain.

“As before, the most flexible players in the economy are mainly concerned with the dynamics of the dollar and the euro against the ruble: employees of commercial companies, freelancers and self-employed,” the study says.

Analyst FG “Finam” Andrei Maslov previously expressed the opinion that an excessively strong ruble could negatively affect the Russian economy. According to FederalPress, under sanctions, the country exports more than it imports.

Source: Riafan

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