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Russia's Sberbank CEO says rouble is overvalued
Gulf Today
|June 22, 2025
The Russian rouble is overvalued and this is hitting the revenues of exporters and the state budget, German Gref, CEO of Russia's largest lender Sberbank, said on Friday, suggesting that a rate of over 100 to the dollar would be appropriate.
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The Russian currency has strengthened by over 40 per cent against the dollar since the start of the year and was trading around 78.20 to the dollar on Friday.
“The exchange rate is far from its equilibrium. It is obvious that an equilibrium exchange rate is 100-plus to the US dollar,” Gref said at Russia’s showcase economic forum in St Petersburg.
Esta historia es de la edición June 22, 2025 de Gulf Today.
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