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The Russian Ministry of Economy maintains the annual average exchange rate at 96 rubles per dollar – Business and Economics
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The Russian Ministry of Economy maintains the annual average exchange rate at 96 rubles per dollar – Business and Economics

DAR ES SALAAM, 30 October. /TASS/. The Russian Ministry of Economy currently maintains the forecast that the average annual national exchange rate will be 96 rubles per dollar in 2025, Minister Maxim Reshetnikov told reporters on the sidelines of the Russia-Tanzania business forum.

“Exchange rates and exchange rate formation are quite volatile. Lack of trading on the stock exchange has really reduced the capacity of the foreign exchange market and so large purchases or sales certainly present some sort of challenge for banks. And so the exchange rate fluctuates quite a lot. We aim for Trade balance; forecasts are made using trade balance “It’s kept and verified. We estimate the base rate, we actually take into account fundamental factors, not fluctuations in flows and inflows.” he said. .

Answering the question of whether the average annual forecast rate will be kept at 96 rubles per dollar, the minister said: “Yes.”