MOSCOW, March 10 – RIA Novosti. Yuri Yudenkov, Candidate of Economic Sciences, Professor of RANEPA, assessed the risk of hyperinflation in Russia. His words are quoted by “Evening Moscow”.
The specialist noted that the United States has already approached the extreme stage of accelerated inflation, as a result of which the American currency will fall in price. This is due to the fact that Washington has already spent nine trillion dollars on an anti-crisis package. Yudenkov clarified that this process will not start “right tomorrow.”
The expert stressed that if the American currency undergoes hyperinflation, it will only play into the hands of the Russian economy. “If the dollar falls, then the Russian ruble is getting stronger, and accordingly, the economy is also showing growth,” Yudenkov explained.
He ruled out the emergence of hyperinflation in Russia, since the country does not print money in such quantities. According to him, there are no conditions that could lead to such an economic collapse.