Wednesday, 20 January 2016

Russia: Bank of America Has A Scenario With The Ruble At 210 to the Dollar

USD/RUB: 81.4709 last. EUR/RUB 88.9471 as of 21:03 ET.
From Fort Russ: 

Bank of America Calculates $210[sic] Ruble Scenario 


If
oil prices fall to $25 per barrel, the budget could be reduced without a
deficit if the dollar is equal to 210 rubles, estimates economists of
Bank of America.




If
oil prices fall to $25 per barrel, for a balanced fulfillment of the
Russian budget for 2016,

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