Ruble slide no threat to Russia’s economic stability – central bank ...News

The Russian currency has continued weakening against the dollar and euro The ruble’s depreciation poses no risks to Russia’s financial stability, the Bank of Russia’s (CBR) press service told Interfax news agency on Monday.  The Russian currency started the week with a decline to its lowest level versus the US dollar and the euro since March 2022, touching 101 against the American currency and 111 against the euro. “Along with a significant reduction in the value of exports, there is an expansion in demand for imports associated with an active growth in domestic demand, including against the backdrop of high rates

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