Lyudinovo

Main Menu

  • Home
  • Russian hotel
  • Russian restaurant
  • Russian currency
  • Russian economy
  • Russian budget

Lyudinovo

Header Banner

Lyudinovo

  • Home
  • Russian hotel
  • Russian restaurant
  • Russian currency
  • Russian economy
  • Russian budget
Russian currency
Home›Russian currency›Russian currency strengthens despite sanctions | News

Russian currency strengthens despite sanctions | News

By Lawrence C. Saleh
April 18, 2022
0
0

The Russian currency rose 4.14% to 81.81 rubles against the euro and 1.12% against the dollar, trading at 79.1 to the dollar as of 11:35 a.m. local time.

RELATED:
Ukraine plans to attack Orthodox churches, Russia warns

According to trading data from the Moscow Stock Exchange, the Russian currency hit its highest level against the euro since April 8.

On Monday, Russia’s central bank lifted a ban on individuals buying foreign currency in exchange for rubles since late February.

The head of the Russian Standard Bank’s financial market operations department, Maxim Timoshenko, said that “high oil prices and tax payments by exporters until the end of April are supporting the Russian ruble exchange rate” .

Russia’s national currency, the ruble, strengthened against the euro and the US dollar on Monday, hitting its highest level against the single European currency since April 8, according to trading data from the Moscow Stock Exchange.

—Dale Kalamazad (@DaleKalamazad)
April 18, 2022

Bogdan Zvarich, chief analyst at financial platform Banki.ru, said increased demand for ruble liquidity from exporters ahead of tax payments could be the main factor supporting the ruble.

Since April, the Russian currency has been gaining ground against major currencies under the Russian program establishing a ruble-based mechanism to pay for gas exports.

Earlier, following sanctions imposed on Moscow following its special military operation in Ukraine, the ruble fell to record lows. It fell to 150 to the dollar in early March, although it has nearly doubled in value since then.



Source link

Related posts:

  1. World Cup, the Russian currency slows down Seychellois tourism; Germany, France, Italy are bright spots
  2. Commodities to push Russian currency higher in 2021, Saxo Bank predicts – RT Business News
  3. Credit Suisse expects Russian currency to strengthen to 65-70 rubles against USD in 2021 – Business & Economy
  4. The share of remittances in Russian currencies is growing rapidly

Categories

  • Russian budget
  • Russian currency
  • Russian economy
  • Russian hotel
  • Russian restaurant

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • January 2021
  • December 2020
  • September 2020
  • July 2020
  • June 2020
  • January 2020
  • October 2019
  • May 2019
  • March 2019
  • February 2019
  • December 2018
  • November 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • March 2018
  • September 2017
  • June 2017
  • March 2017
  • January 2017
  • December 2016
  • November 2016
  • June 2016
  • December 2015
  • June 2015
  • April 2015
  • March 2015
  • February 2015
  • December 2014
  • November 2014
  • May 2014
  • April 2014
  • March 2014
  • October 2012
  • June 2012
  • March 2012
  • February 2012
  • December 2010

Recent Posts

  • Kanye West is potentially associating with this famous restaurant
  • Are gold and commodities the answer to the Western monetary crisis?
  • Rowan Atkinson’s wild hotel party leaves dogs moaning and others fear Russian invasion
  • Russian minister expects legalization of digital currency soon
  • Despite soaring gas and hotel prices, Hamptons restaurant owner is seeing ‘record demand’
  • Privacy Policy
  • Terms and Conditions