7 months ago
“The market was disappointed by the largely symbolic nature of Wednesday’s round of Russian-Ukrainian negotiations in Istanbul,” one analyst said.
8 months ago
The sharp rise in ruble-based transactions is being driven not by global trust in the Russian currency, but by the expansion of opaque payment systems.
9 months ago
The ruble has strengthened by over 40% against the dollar this year amid easing tensions with the U.S. and a tight monetary policy.
11 months ago
By midday in Moscow, the ruble had gained 1.16% to trade at 84.5 per dollar, according to spot foreign exchange market data.
12 months ago
Even if geopolitical tensions ease, a persistent capital outflow or continued domestic demand for foreign assets would limit ruble strengthening.
Russia’s Central Bank set the official exchange rate for Thursday at 88.5 rubles against the U.S. dollar, its highest level since August.
Analysts attributed the ruble’s gains to increased dollar sales by Russian exporters and seasonal factors, including lower demand from importers.
Itemoids version 2.14.14-290, running on app1.stg.itemoids.com (bleep).
Another Wastholm Media project. More sites and experiments: