Guzal Protsenko: the ruble will remain stable, the dollar is unlikely to exceed 90 rubles

General Director of Alfa-Forex Guzel Protsenko, in a conversation with RT, gave a forecast for the dollar exchange rate. She stated that the Russian national currency maintains a stable position due to high world oil prices and the Central Bank keeping the key rate at 14 percent.

According to her assessment, in the short term the American currency is unlikely to break the psychological mark of 90 rubles.

As the financier noted, positive trends in the Russian foreign exchange market will continue in mid-September. The ruble remains an attractive asset for medium-term investments. This week and until the end of the second ten days of the month, analysts expect the exchange rate to remain at the level of 82–87.5 rubles.

The national currency is further supported by the Central Bank's strict monetary policy and a significant increase in world oil prices.

In addition, high export prices for Russian energy resources may encourage commodity companies to increase sales of foreign currency earnings ahead of the new tax period. Combined with the profitability of ruble financial instruments for domestic investors, as well as general macroeconomic and political stability in the country, this makes it unlikely that the dollar will approach 90 rubles in the next two to three weeks, the expert emphasized.