Russia’s Balance of Payments Q1 2019: Rouble has Potential for Appreciation
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2019. No. 7, pp. 5-7
3 Pages Posted: 14 May 2019
Date Written: May 14, 2019
Russia’s positive balance of trade increased in Q1 2019, compared to the previous years’ same period, on the back of decline in imports (a major contributor to the increase) induced by rouble depreciation. BoP data show that residents invested more in foreign assets as well as the OFZ bond market became more appealing to non-residents. The Russian rouble has potential for further strengthening, although its depreciation cannot be ruled out if new external shocks occur.
Keywords: Russian economy, BoP
JEL Classification: F19
Suggested Citation: Suggested Citation