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If the escalation of the international conflict involving Russia continues, the dollar exchange rate may soar to 100 rubles. This opinion was expressed by economist Nikolai Kulbaka in a conversation with Lenta.ru. According to him, it is impossible to calculate such a scenario, but the more difficult the situation on the border of Ukraine, the lower the national currency will fall.
Recall, earlier today it became known that the ruble during trading on the Moscow Exchange collapsed against the dollar to more than a year’s minimum, according to these sites. At the maximum, the dollar reached 78.98 rubles, the last time the American currency was traded at this level was in October 2020. The euro rose to 89.42 rubles.
According to the expert, if the dollar rises to 100 rubles, it means that “something extraordinary” has happened in international relations.
He explained that the exchange rate of the American currency could rise to such a level if the tension in international relations grows even stronger. Therefore, a rollback of the dollar to more familiar levels is possible only if Russia agrees to a more open policy and cooperation.
Kulbaka stressed that the more difficult the situation on the border, the stronger the ruble will fall, and inflation will rise.
“First of all, of course, such events will lead to a deterioration in the standard of living of the population of Russia itself,” Kulbaka believes.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
