According to the economist, two factors influenced the growth of the dollar.
The first is a geopolitical shutdown, which contains risks and instability.
“The dollar in our country always plays the role of a protective asset, where part of the population, businessmen, move their ruble funds.
Accordingly, the rate is growing, ”said Belyaev.
The expert called the second factor "unjustified forecasts about sustainable economic growth."
“We are now in such a phase: there is development, we have overcome the crisis and must embark on the path of more stable and dynamic growth, but this did not happen.
Thus, we have even replaced the fundamental ratio of the ruble and the dollar.
Previously, they were at the level of 74-75 rubles, now they have shifted to the level of 76-77 rubles,” he said.
The economist added that at the same time, there is no need to talk about a further fall of the ruble.
Earlier it became known that the dollar exchange rate during trading rose above 78 rubles for the first time since April 2021.