Ruble hits 100 to US dollar ...News

Russia Today - Economy
Ruble hits 100 to US dollar
source : Russia Today ( News ) () 20
Presidential economic aide Maksim Oreshkin has directed blame at the Russian central bank’s monetary policy The Russian ruble has slumped to its lowest level versus the US dollar since March 2022, touching 101 against the American currency on Monday, despite rising export revenues and capital controls introduced by the central bank.  The ruble also weakened to 110 against the euro, a 16-month low. The ruble hit a record low of 120 against the greenback in March of last year, before recovering to a more than seven-year high a few months later. So far this year, the ruble has weakened by nearly 25% versus the dollar

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