[ad_1]
The dollar and euro exchange rates from the Bank of Russia fell by almost two rubles
Bank of Russia sharply increased the ruble exchange rate against the dollar and euro on Thursday, December 5. Both currencies fell in price by almost two rubles – to 104.23 and 110.2 rubles, respectively. Information published on website regulator
The yuan fell in price from 14.55 rubles to 14.25 rubles. Nevertheless, all three currencies remain more expensive than the levels they were at before November 27, when the ruble fell sharply.
At its maximum, the dollar reached 109.57 rubles, the euro – up to 116.14 rubles, and the yuan – up to 14.83 rubles. All peak values since March 2022 were reached at the end of last week. Experts noted that one of the main reasons was new sanctions USAwhich, unlike the previous ones, hit export revenues.
Chapter VTB Bank Andrey Kostin suggestedthat the Russian currency will stabilize at just above 100 rubles per dollar. In turn, the Deputy Chairman of the Central Bank Philip Gabunia on Friday, November 29th indicatedthat the regulator has the ability to reduce the risks of a sharp weakening of the ruble if the current situation threatens stability.
One of these measures was solution stop purchases of foreign currency on the Russian market as part of the fiscal rule from November 28 to the end of 2024. From that moment on, the ruble began to strengthen.
[ad_2]
Source link
Leave a Reply