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US Presidential Elections to Have No Long-Term Impact on Russian Currency

© Sputnik / Maksim Bogodvid / Go to the photo bankUS dollars and rubles inside a currency exchange office of a Sberbank
US dollars and rubles inside a currency exchange office of a Sberbank - Sputnik International
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Russia's Sberbank CEO German Gref stated that the factor of US presidential elections holds little importance for value changes of Russian ruble.

MOSCOW (Sputnik) — The US presidential elections will not influence ruble value in the long term, Russia's Sberbank CEO German Gref said Tuesday.

"Almost no [influence], the changes in value can go any way. In the long term, I think, this factor holds little importance for value changes," Gref said in response to a question on how the elections in the United States would influence the Russian currency.

Russia's Finance Ministry - Sputnik International
Impact of Oil Prices on Russian Ruble Decreasing
In 2014, the ruble significantly decreased in value against the dollar. The most dramatic decrease was registered in December, when the official USD/RUB exchange rate reached 67.79 on December 18 up from 32.65 on January 1, 2014. The Russian currency has slightly reevaluated since then.

The United States presidential elections is being held on Tuesday, November 8. Democratic candidate Hillary Clinton and Republican nominee Donald Trump are the main contenders for the post of the new US leader.

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