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Completion of the tax period may push the dollar to growth, Director of Financial Market Operations at Russian Standard Bank Maxim Timoshenko.
“Exporters can be the current control of the current rate of regulation of the consumption of foreign exchange earnings. They prevail over foreign exchange demand from importers,” the analyst writes.
According to the dollar to push up may at the end of its tax period. However, it is extremely difficult to predict the movement of exchange rates in the current conditions.
“However, it is not expected to reach the level of 50 rubles/$1, since such a rate would already be extremely unprofitable for the budget,” sums up the bank’s strategist.
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