Forecast: US-dollar may fall to 50 rubles in Russia

Baku. 6 October. REPORT.AZ/ USD exchange rate in Russia could down to 50 rubles due to trends in oil prices. Report informs citing the TASS, deputy chairman of Vnesheconombank Andrei Klepach said at the Russian-German economic conference in Berlin. According to him, at a moderate price increase up to 56-57 USD per barrel exchange rate may strengthen to 50 rubles per dollar.

Klepach also noted that in 2017 the oil pricses will exceed 50 USD per barrel: "International forecasts point to growth of prices from 46 USD to around 50 USD or more per barrel. Our government is focused on what the budget will make up at the oil price of 40 USD."

He believes that the Russian economy has passed the lowest point of the recession, although on the basis of 2016 decline in GDP will amount to 0.6-0.7%: "We proceed from the assumption that GDP growth will be around 0.7% next year, and then expect the growth at 1.5% (2018) and further - 2.5% (2019)."

Analytical Group of Report believes that the strengthening of the ruble will positively affect the rate of manat, which will move to the level of 1,50 AZN/USD.