The Central Bank called the cause of the decline of the ruble in June 2017

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2017-07-17 15:45:18

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The Central Bank called the cause of the decline of the ruble in June 2017

Moscow, July 17. the Decline of the ruble last month due to falling oil prices and rising geopolitical tensions, said the experts of the Central Bank of the Russian Federation.

In June, the exchange rate of the ruble against the dollar decreased by 4.2%.

"the Main reason was a significant decline in oil prices to levels that preceded the conclusion of the agreement of OPEC, with increased production in Libya and Nigeria" — experts say.

an Additional factor affecting the exchange rate, was the situation in Syria and a new bill of anti-Russian sanctions.

it is Noted that the volatility of the ruble remains low, being about the average values for 2017.

Earlier it was reported that the Minister of economic development of Russia Maxim Oreshkin fluctuations of the ruble.

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