HSBC analysts believe that Russia's currency weakened considerably against the dollar. In their view, by 2014, the ruble lost 25% against the U.S. currency. Such a prediction they make, based on long-term capital outflows, rising import levels, as well as increasing budget expenditures. Bank employees believe that by 2014, the ruble will be held in RUB36-37. They note that the Minister of Economy forecast is fairly optimistic RUB32.2. At the moment, the Russian currency against the dollar stays near the mark in RUB28.77.
