Home » News » The Surprising Weakening of the Ruble: Insights from Financial Manager Vitaly Kalugin

The Surprising Weakening of the Ruble: Insights from Financial Manager Vitaly Kalugin

2023-08-02 11:45:52

Financial manager Vitaly Kalugin admitted that he was surprised by the current weakening of the ruble.

I was still expecting it [курс доллара] in the region of 82–85 rubles. But my forecast is not coming true at the moment, because no formal reasons can strengthen the ruble. Demand for the dollar greatly exceeds supply: importers need to buy, import a lot of goods from China by the end of the year, but, unfortunately, there is no counter-flow of export earnings, exporters sell at a minimum, respectively, there are very few currencies on the market,” E1 explained. EN Vitaly Kalugin.

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