Gref called the equilibrium exchange rate of more than 100 rubles per dollar

The equilibrium exchange rate is more than 100 rubles per dollar. This was announced on June 20 by the head of Sberbank, German Gref, during the St. Petersburg International Economic Forum (SPIEF-2025).

"Today we have a rate at the level of 78-79 rubles per dollar. Of course, all our export industries and, first of all, the budget are feeling this very strongly," Gref said, as quoted by RIA Novosti.

Gref also noted that the exchange rate of 100 "plus" rubles against the dollar is an equilibrium for the Russian economy.

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Olga Veretennikova, vice president of the Borsell analytical company, told Izvestia on June 18 that despite seasonal factors, the ruble continues to strengthen, but a trend reversal is possible by the end of summer.