Wednesday, 21 January 2015

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.
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