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Glazyev called the real exchange rate of the dollar to 25 rubles

photo: Gennady Cherkasov

Sergey Glazyev.

As explained by the air of «Russian news service» Advisor to the President of the Russian Federation on regional economic integration, academician Sergei Glazyev, an assessment of the dollar made according to the method of the organization for economic cooperation and development (OECD).

The basis of the same basket of goods in the United States and Russia, then economists compare the cost and calculate the purchasing power of the currency. As noted by Glazyev, on the basis of these calculations, the purchasing power of one dollar is equivalent to about 23-25 rubles. Advisor to the President noted that this methodology is applied for more than 50 years and these figures are not contested.

Then he invited the Central Bank to fix the exchange rate of the ruble for a long period, but not at the level of 25 rubles, and at the last fluctuations of the American currency in 60-80 rubles. In this case, the speaker said, it will ensure the competitiveness of the economy, will allow to live without currency speculators, will lead to the stabilization and the ability to plan for our future.

Today the dollar is 68,55 rubles, the European currency traded at the level of 76,67 ruble.

Watch the video on «Glazyev proposes to print five trillion, to start up the mechanism of economic growth»

Economist Sergei Glazyev believes that the main cause of the stalling of our economy is the lack of free money. To «gear» mechanism of economic growth began to turn, they need to be greased with money, «long» credits. Sergey said: in his opinion, need to five trillion rubles.