The ruble exchange rate, which began trading on the Moscow Stock Exchange, rose sharply in response to the presidential decree on the compulsory sale of foreign currency earnings of some exporters. The dollar exchange rate decreased by 2.68 rubles to 97.52 rubles. data tender
As of 07:06, the Chinese yuan exchange rate decreased by 36 kopecks to 13.35 rubles, and the euro exchange rate decreased by 2.72 rubles to 103.78 rubles.
In the first minutes of trading, the rate of the American currency reached a maximum of 96.46 rubles, the rate of the Chinese currency – 13.2 rubles (the lowest since September 27), the rate of the European currency – 102.59 rubles (the lowest since September 29 ) fell. .
Alexander Isakov, Russia and Central and Eastern Europe economist at Bloomberg Economics expressed Against the short-term increase in foreign exchange sales, Russian President Vladimir Putin’s decision to force some exporters to sell their foreign exchange earnings is of the opinion that the dollar to ruble exchange rate “may return to the range of 95-100”. ”
According to him, the Russian government is determined to stabilize the exchange rate at around 100 rubles. Prevent further weakening of the Russian currency, including per dollar and painful inflationary consequences.
Previously recognizedHow will the weakening of the ruble affect the state of the economy?
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.