The Bank of Russia has sharply increased the ruble exchange rate
The Central Bank sharply increased the ruble exchange rate on December 5.
The dollar and euro have fallen significantly in value in Russia after their recent rapid growth.
The Central Bank has lowered the exchange rate of the American currency to 104.23 rubles, according to the regulator’s website.
The euro will cost 110.2 rubles on Thursday.
Thus, the two main currencies fell in price in Russia by almost two rubles.
The yuan exchange rate also fell, but not as significantly – from 14.55 to 14.25 rubles.
But for now, these three currencies are above the levels they were before November 27.
At the end of autumn, there was a sharp weakening of the Russian currency.
At its peak, the US dollar reached 109.57 rubles, and the euro reached 116.14 rubles. The yuan approached 15 rubles.
The reason cited is Washington's new sanctions, which have dealt a blow to export revenues.
