Economists expressed this opinion in the latest issue of the quarterly forecast of the Institute for Economic Forecasting of the Russian Academy of Sciences.

The experts explained that the parameters of the exchange rate balance should be determined by several factors - the budget deficit, capital outflow and the level of the trade balance.

Currently, the trade balance has a significant advantage towards a positive balance, they say.

As specified, due to the contraction of imports with restrictions on the use of reserve currencies, there is a problem with an excess supply in the domestic currency market, which leads to the strengthening of the ruble.

“In this regard, the theses about the artificial nature of the current ruble exchange rate cause some bewilderment.

Rather, in the period 2018-2021, the exchange rate was artificially low due to the operation of the budget rule, ”the authors of the report believe.

According to the head of the Ministry of Economic Development Maxim Reshetnikov, Russia needs to return to the equilibrium exchange rate of the ruble, which was earlier, while reducing the standard for the mandatory sale of foreign exchange earnings.

According to the Moscow Exchange, on May 28, the dollar ended the week with growth to 66.7 rubles.

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