Wednesday, June 1, 2011

Stable oil prices hurl dollar

Dollar by the end of the year may amount to 24-25 rubles, said on Tuesday, April 26, RIA Novosti reported with reference to the forecast of Economic Development. "This is a likely scenario for the end of this - the beginning of next year if the capital inflows and if oil prices remain at around 115-120 dollars a barrel" - the words quoted Deputy Economic Development Andrei Klepach Interfax. On April 26, the official dollar exchange rate was set at CB 27.9924 rubles. In early April 2011 the ministry had prepared a basic version of the socio-economic development forecast of Russia in 2012-2014. Officials expect that in 2011 the dollar will cost 28.4 rubles in 2012 and 2013 - 27.9 rubles, and then he must rise to the level of 28 rubles. In this case, the forecast value of the dollar price of Russian crude oil to fall from 105 to 93 dollars per barrel in 2013 to grow to $ 95, and in 2014 - up to $ 97.

No comments:

Post a Comment