Wednesday, June 1, 2011

Gref praised the U.S. for lack of alternatives

The head of Sberbank German Gref during his visit to the United States gave an assessment of the prospects for the dollar and the ruble, the press service of the credit institution on Friday, April 29. "In the short term I see no alternative to the dollar - the head of the Savings Bank. - In the medium and long term alternative to the dollar will develop, but it will be a long period. " Gref said that the ruble during the last year rose by 15-17%: "Further strengthening expectations are still 10%. Given the situation on the commodity markets, the ruble has a very strong currency. Denominated assets are undervalued, and it is a good target for investments. But I have not yet talked about the ruble as a significant international currency, an alternative to the dollar. " Note that now there is some uncertainty in the projections at the exchange rate of the dollar. Earlier this year, many economists confidently predicted in December weakening of the ruble to 32 rubles. for a dollar or even lower. Today, however, other popular predictions. Dollar by the end of the year can cost 24 rubles. Believe in the Ministry of Economic Development. However, in the official ministerial calculations appear very different figures: the average annual rate of 28.4 rubles. per dollar, nearly as much as the average for January-April (28.9 rubles).. Shuffle currency forecasts for year-end experts explain the extremely precarious situation of U.S. and Chinese economies, as well as possible reduction in world oil prices. Therefore, even amid the current strengthening of the ruble economists have advised citizens to keep their savings in three currencies - USD and EUR.

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