Kremlin snuff box
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The Central Bank gave a forecast for the dollar “at 110-150 rubles” and remembered the SVO
A number of events occurring now could negatively impact our currency. As a result, the dollar exchange rate may rise to 110-120, and in the worst scenarios - up to 150 rubles.
This is stated in a closed forecast that Central Bank specialists conveyed to Vladimir Putin.
According to a source in the Central Bank, among the main risks, Elvira Nabiullina’s subordinates name the death of Alexei Navalny, in connection with which new serious sanctions could be introduced against Russia. Another factor that could “drop” the course is “the North Military District, the development of which is still difficult to predict, despite all the recent successes of our army.”
Let us note that the Central Bank is no longer asking the President to stop hostilities, as they did before. But they admit that “they would be happy if the SVO ended in the near future.”
Our source claims: if current trends continue, by mid-April the ruble exchange rate will “most likely” drop to 110-120 per dollar. Prices, in this case, will increase “by 10-15 percent, maximum 20.” A scenario with a dollar at 150 rubles exists, but is unlikely.
At the same time, according to sources in the Kremlin, Putin expects the ruble exchange rate to rise significantly before the Presidential elections. We wrote that if this does not happen, the President may fire Nabiullina.
Now “there is such a readiness for personnel changes, but Vladimir Vladimirovich believes in the best,” says one of our interlocutors.
“The Central Bank gave a forecast for the dollar “at 110-150 rubles”” (by mid-April)
Around the same time, Russia is looking at imposing new taxes on everyone. Prices will be up, after-tax income down, and the ruble worth less.
People should be noticing the belt tightening then. Especially the millions on the margin, who will pushed into poverty.