The expert predicted the dollar at the end of the year
The dollar by the end of the current year will fall to 66 rubles, with this exchange rate and the average annual price of oil in 50 dollars for barrel the budget deficit of Russia will be in 2020 at 5% of GDP, said in an interview with RIA Novosti General Director of rating Agency "Expert RA" Sergey Tishchenko.
The last time the dollar was trading around 66 rubles at the beginning of March this year. However, after the collapse of OPEC transactions and statements of a number of countries of the former Alliance on plans to increase production at rapidly falling demand due to the coronavirus began a steep dive in oil prices. The ruble is not stand the pressure and began to weaken: the value of the dollar in the second half of March has jumped to above 80 rubles.
However then the American currency began to fall: in early June, the dollar fell below 70 rubles for the first time since March 6. But on June 11 the background of the collapse in oil prices, the dollar during currency trading on the Moscow exchange again exceeded the mark of 70 rubles.
According to the forecasts of the Central Bank, the budget deficit in Russia on the background of the coronavirus in the development of the situation in accordance with the baseline projection in 2020 will amount to 5-6% of GDP. Russian Finance Minister Anton Siluanov in may, said in an interview to the newspaper "Vedomosti" that Russia's budget deficit in 2020 will be about 4% of GDP.