Rubel falls drastically: central bank reduces currencies drastically!

Rubel falls drastically: central bank reduces currencies drastically!

Moskau, Russland - The Russian state currency, the ruble, experienced a dramatic decline on Friday. According to oe24.at , the rublic evaluated by 3.4 percent to $ 100.50. This slipping happened after announcements by the Russian Central Bank, which will drastically reduce its support purchases. From January 9th, the net sales of foreign currencies will be reduced by almost 60 percent. The ruble had stabilized at short notice after a dramatic low in November, caused by renewed US sanctions; The central bank had intervened at the time to keep the course stable. In addition, the official exchange rate formation is adapted by combining the stock market and out-of-the-counter merchant data.

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