The ruble strengthened to 20%

Ministry of Economic Development (MED) believes that in 2-3 years the ruble has appreciated by 20%. Provided that the policy of the Bank of Russia will remain a liberal. This was stated by Deputy Mayor Andrew Klepac at the Russian Economic and Financial Forum in Switzerland. According to him, such a strengthening of "severely eroded the competitiveness of virtually all sectors of the economy." The official is convinced that the Central Bank should Bole severely constrain the strengthening of the ruble, it requires more extensive intervention. Since 2010, the ruble has appreciated against the currency basket (0,55 and 0,45 Euro dollar) for 80 cents or more than 2% - to 32.20 rubles to 35 rubles. Real effective exchange rate for January-February this year was 5%, recalled Klepac. "Now the real effective exchange rate has already exceeded pre-crisis level. Therefore, no umbrella, which we had as a result of the devaluation of 2008 - early 2009's, there is no" - said Klepac. Today, the ruble has big risks for the Russian economy, he concluded.