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And then we’ll return to our familiar 95–100. The Finance Ministry knows better how far to devalue the ruble to make the budget work. But obviously, that will definitely happen. There’s no avoiding it.
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Based on my calculations, our group estimated that until May, the exchange rate will remain favorable at 105-107. The exchange rate of the Dollar in Russia until May 2025.
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A lot of factors came together. On the one hand, people wanted to get rid of foreign currency; on the other, there was lower demand for it from importers; and on yet another, there was a desire to bet on the decline of the dollar. And this is the result we got. But I think we’ll see a reversal in April — most likely that’s what will happen. We’ll see. In April, the ruble is expected to weaken against the dollar.
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