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The dollar may seriously soar after the second wave of coronavirus

The dollar may seriously soar after the second wave of coronavirus
Photo: pixabay.com
The dollar exchange rate may rise to 90 rubles by 2022. Such forecasts are given by analysts of the Center for Macroeconomic Analysis and Short-Term Forecasting (CMAKP).

According to RBCTsMPK specialists calculated three medium-term forecasts for the economic situation in Russia.

 In the baseline scenario, TsMAKP expects a “significant weakening of the ruble” in the second half of 2020. During this period, the Russian currency will be affected by a decrease in oil prices, a seasonal increase in domestic demand for foreign currency (purchases for import of goods) and an outflow of capital from emerging markets.

 From the fourth quarter of 2020 until 2022, the ruble will fluctuate in the corridor of 87–91 rubles per dollar and only in 2023 it will strengthen to 83–87 rubles per dollar. In the optimistic scenario, the dollar exchange rate in the fourth quarter exceeds 85 rubles, in the pessimistic scenario - 100 rubles.

In their forecast, analysts took into account the beginning of the second wave of coronavirus with new quarantine restrictions. The forecast for this year is based on the removal of restrictions from business and the public this summer.

September 25: current information on coronavirus in the Far East
Digest of regional events and latest statistics