Home – Home – Jornals – Scientific journal “Vestnik NSUEM” 2015 number 2

The aim of the article is the assessment of the state of the exchange rate of ruble, identification of factors affecting the exchange rate of ruble under current conditions (economic sanctions, oil price, inflation, balance of payments). The paper marks out and discusses economic and political factors that form the exchange rate. The dynamics of the exchange of the Russian ruble and US dollar in December 2014 and January 2015 is considered, because the most significant changes in the exchange rates happened at that time and the Bank of Russia intervened in the foreign-exchange market extensively. Inflation is one of the significant factors affecting the state of the national currency rate. The article considers historical and modern features of the inflation manifest in Russia. The authors gradually consider the development of the inflation process in Russia, main reasons of the inflation: price liberalization, economic restructuring, fall in oil prices etc. Conclusions are drawn and recommendations are made.