Source Pravda.Ru

Finance Ministry: No plans to review economic forecasts in light of dollar slide

Alexei Ulyukayev, Russia's first deputy finance minister, announced at a Moscow press conference on Monday that the ministry was not planning to review economic forecasts for this year in light of the change of the dollar to euro exchange rate.

He said that several of instances of the euro gaining strength against the dollar had been witnessed since the start of the year. The first deputy minister stressed that these dynamics were taken into account for long-term economic forecasts, but this year's forecast would remain unchanged.

According to him, the ministry's average annual exchange rate for the ruble against the dollar is 31.4 rubles for one dollar and there are no plans to change this in the light of the dollar's fluctuations.

The Finance Ministry is not intending to correct its plans for paying back and servicing foreign debt this year, despite the situation with the dollar, Ulyukayev said.

"Nothing unexpected for us has happened so far, our forecasts are coming true and no corrections to our plans are needed yet," he said.

When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked

US sanctions to kill Russian banks and sovereign debt?

The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America

Turkey desperately tries to rescue its national currency as it falls to all-time lows
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