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Russia: Foreign currencies weaken versus ruble
The Russian Central Bank today, Thursday, reduced the official exchange rate of foreign currencies against the ruble. The dollar's exchange rate fell to 81.97 rubles for the first time since August, while the euro decreased to 91.93 rubles and the Chinese yuan to 12.28 rubles. The Central Bank explained that the decline in the prices of these two international currencies reflects an improvement in the value of the ruble compared to previous levels, with the dollar dropping by about 0.91 rubles and the euro by about 1.11 rubles. This move aims to support financial stability in Russia.
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