He stressed that nothing was likely to threaten savings in dollars for the long term. However, in the event citizens plan large ruble payments over the next year, it was advisable to exchange dollars for rubles right now.

A lot of analysts support this position, and the present situation on the domestic currency market testifies to this prediction. There is no doubt that the dollar rate will be falling gradually over the next twelve months. At the recent trading session, the dollar rate with tomorrow settlements dropped RUR0.11 to RUR29.14 as there was no support from the Central Bank.

However, the forecast from Gerashchenko contradicts the long-term forecast prepared by the International Monetary Fund (IMF). According to an IMF report on the state of the US economy, a disorderly decline in the dollar exchange rate presents a threat to the US economy.

According to IMF experts, the downward correction in the dollar rate is going to be gradual but still they do not rule out a global risk of a disorderly decline in the dollar. They believe that a worsened approach of investors to the dollar may lead to negative consequences for the USA and the whole world.