A weak ruble has become synonymous with the decline of the Russian economy, while strong – the guarantor of stability. However, as practice shows, all is exactly the opposite.
The government was concerned about the excessive strengthening of the national currency, which is not conducive to the development of the Russian economy. Positive at first glance, the tendencies hamper the development of the Russian economy and significantly reduce the competitiveness of the agricultural and industrial sectors, while simultaneously putting an end to import substitution.
Now the strengthening of the ruble contributes not only to the price of oil, but export growth coupled with the reduction in capital outflows. However, this fluctuation of budgeting rather problematic. To prevent a sharp strengthening of the ruble, when made based on the price of a barrel of $50 budget, revenues in excess of will go to the Reserve Fund.
Weak ruble served as a kind of stabilizer of our economy, at the same time gaining support for exporters: the revenue in dollars will remain the same in rubles will increase, which means additional funds for development and business expansion. But most of all the strengthening of the national currency impact on import substitution.
“From my point of view, today, the ruble begins to perekrestila. It works in the negative, reduces revenues and increases the budget problems,” – said the presidential aide Andrei Belousov.
Due to the strengthening of the ruble will suffer most manufacturers operating in the domestic market. There is a high probability that they will again face competition in the form of imports, which the Russian economy has long been dependent. Besides, it is worth considering that if the manufacturer loses market, it will inevitably entail reduction of workplaces.
A weak ruble is beneficial to domestic producers, because for him, the country has adopted import substitution and began to develop the real sector of the economy.
