Oreshkin does not expect major changes in the real exchange rate of the ruble in 2018

© RIA Novosti / Vladimir Astapkovich in fotomancer of economic development of Russia Maxim Oreshkin. Archival photoOreshkin does not expect major changes in the real exchange rate of the ruble in 2018© RIA Novosti / Vladimir Astapkovich the image Bank

The ruble is close to the fundamentally justified level, in the next year significant changes in the real exchange rate is also not projected, stated to journalists the Minister of economic development of Russia Maxim Oreshkin.

«The ruble is approximately close to the fundamental value. Next year some major changes in the real exchange rate, we do not expect. The nominal exchange rate will depend on how the situation will change in the markets and behave in the Euro-dollar,» — said the Minister.

Oreshkin also said that in 2018, the outflow of capital will likely exceed the current forecast of $ 7 billion because of higher oil prices.

«At higher oil prices than envisaged in the current forecast, the outflow in the next year can be more», — said the Minister.

The Minister of economic development explained why the capital outflows in the first 11 months of this year, significantly preceded the projection. According to the Central Bank, capital outflow from Russia in January-November amounted to $ 28 billion at the forecast of the Ministry for 2017 to $ 18 billion.

«First of all, because of the stronger current account due to higher oil prices, a greater inflow of foreign currency is more the Ministry of Finance collects — would have been lower oil prices, would be below the outflow. In February we plan to revise the forecast and then we’ll announce specific numbers,» — said Oreshkin.

Earlier, the Minister said that the Ministry raised its forecast for price of oil in 2018 above $ 50 per barrel due to the extension of the transaction OPEC+.

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