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Deputy minister says ruble exchange rate will be sustainable within next three years

December 14, 2016, 16:14 UTC+3
The Economic Ministry's ‘base plus’ scenario for 2017-2019 implies 63.3 rubles per dollar exchange rate for 2017, 62.1 rubles per dollar for 2018 and 61.3 rubles per dollar for 2019
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MOSCOW, December 14. /TASS/. Russia’s Economic Development Ministry expects the ruble’s exchange rate to remain sustainable in the next three years, Deputy Minister Aleksei Vedev said Wednesday.

"For one year we project the exchange rate based on the payment balance, meaning the ratio between current transactions and capital outflow. Here the situation will be absolutely sustainable within the next three years," he said, adding that "even in case of any fluctuations the ruble’s exchange rate will remain within this price range."

The Economic Development Ministry’s ‘base plus’ scenario for 2017-2019 implies 63.3 rubles per dollar exchange rate for 2017, 62.1 rubles per dollar exchange rate for 2018 and 61.3 rubles per dollar for 2019.

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