The authorities have identified an undesirable ruble-dollar exchange rate

Excessive volatility of the Russian currency was identified as one of the strategic risks of fulfilling the country's national goals and identified an undesirable ruble-dollar exchange rate: below 75 rubles per dollar and above 110. The average risk turned out to be a rate below 85 and above 100 rubles per dollar. This follows from the list of strategic risks attached to the letter from Polina Kryuchkova, Deputy Head of the Ministry of Economic Development. The document was sent to the government and relevant departments (Izvestia has it).

Waiting for the key: the dynamics of the ruble exchange rate will be determined by the outcome of the Central Bank meeting

Most experts predict a rate of no more than 80 rubles per dollar, even taking into account the reduction in the key rate

According to the document, we are talking about the risks of fulfilling such national goals as "Preserving the population, strengthening human health and well-being, supporting families," "Realizing the potential of each person, developing their talents, nurturing a patriotic and socially responsible personality," "A comfortable and safe living environment," "A stable and dynamic economy."", "Technological Leadership".

A source of Izvestia in government agencies explained that later, measures to prevent these risks may be developed in the Mayor.

However, socially significant areas of government policy can be affected only to a small extent, according to the Ministry of Economy: the exchange rate can only indirectly affect the development of individual digital platforms, attracting international students, and increasing housing affordability. To a greater extent, the situation with currencies affects the economic indicators and issues of technological equipment of the country, it follows from the materials.

For example, there are indirect risks to GDP growth above the global average, as well as a decrease in the share of imports of goods and services in its structure, attracting investment, increasing the volume of tourism and agro-industrial sectors, the development of technological cooperation by Russia and the development of new markets. This may affect almost all technical leadership indicators — it will be more difficult for our country to ensure the introduction of new developments in the digital sphere, transport, energy, and so on.

Read more in the exclusive Izvestia article:

On all 110: the authorities have identified an undesirable dollar exchange rate for the economy