Kudrin predicted the dollar to 70 roubles in 2016

The dollar exchange rate in 2016 is 70 rubles., said in an interview with TASS former Finance Minister, the Chairman of the Committee of civil initiatives Alexei Kudrin.

“I think that some high budget deficit is a factor in the weakening of the ruble, even if the oil price will be stable. I think, about 70 [rubles will be worth the dollar] at the same parameters of the oil price”, — he said.

Kudrin predicted that oil prices this year will be $35-40 per barrel.

The dollar on the Moscow exchange, as of 20:05 GMT, is 67,89 EUR RUB RUB 76,35 trading at Official rates of the Central Bank on 22 March is of 68.8 rubles per dollar and against the Euro 77,46.

The price of a barrel of oil is $41,35.

As said earlier the Minister of economic development Alexei Ulyukayev, the rouble exchange rate to dollar will be established at a level higher than 60, but less than 70. He also believes that in the future oil prices will long stay in the corridor from $45 to 55 per barrel.