Oreshkin expects the dollar to 63-64 of the ruble to the end of the year

© RIA Novosti / Alexei Sharecompat in fotoracconti nominal value of one ruble banknote one dollar. Archival photoOreshkin expects the dollar to 63-64 of the ruble to the end of the year© RIA Novosti / Alexei Sharecompat the image Bank

The economic development Ministry does not exclude that the ruble by the end of 2018, strengthened to 63 to 64 rubles per dollar, but the return on this fundamentally justified level may be delayed, told reporters the head of the Ministry Maxim Oreshkin on the sidelines of the Eastern economic forum.

«We have forecast for the end of the year, and the next 12 months. Here we do not see the reasons for these figures to change. (At the end of the year — ed.) I definitely do not remember the number, in the area of 63-64,» said Oreshkin.

He noted that the deviation of the ruble is fundamentally sound. «How short-term it can last? It can last for quite a long period of time. We have a floating exchange rate, the volatility of capital flows is related with the global situation and sanctions stories. Could be longer? May be delayed,» he added.

Fourth Eastern economic forum will be held at the site of the far Eastern Federal University campus on the Russian island on September 11-13. MIA «Russia today» is the General information partner of the WEF.

Oreshkin expects the dollar to 63-64 of the ruble to the end of the yearIV international economic forum

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