“Fundamental factors are still playing to strengthen the ruble.
With most trading partners, the same situation is observed: exports in monetary terms are growing, while imports are declining.
At the same time, not only with the countries of Europe, but also, for example, Asia.
Therefore, as long as the inflow of currency is so much greater than its outflow, we will observe a further strengthening of the ruble, ”the expert emphasized.
According to Zabortsev, the strengthening of the currency is necessary, since the growth of imports is now a priority.
“This is also noticeable in the latest government decisions aimed at supporting importers.
However, the regulator understands that it is impossible to strengthen indefinitely.
Firstly, this may affect the budget balance, since our budget is formed in rubles.
And secondly, it can damage the competitiveness of our industry,” the economist explained.
He suggested that measures would be taken in the near future to stabilize the exchange rate.
“Recently, transfers of up to $50,000 per month for individuals were allowed.
These are the first soft measures.
It is very likely that the government will go to reduce physical exports to reduce the excess trade surplus, ”the specialist added.
According to him, if "nothing extraordinary happens," then the ruble exchange rate will see "another slight strengthening."
Earlier it became known that the dollar exchange rate during trading on the Moscow Exchange on Thursday, May 19, fell below 62 rubles for the first time since January 2020.