Moscow-Sana
The Russian currency, the ruble, continued to rise against the dollar and the euro, as the euro traded below 76 rubles today, for the first time since March 2020.
According to the Moscow Stock Exchange, the dollar exchange rate fell by 70 kopecks to reach 72.43 rubles.
The Russian currency witnessed an increase after Russian President Vladimir Putin and the Russian Central Bank announced a set of measures to achieve financial and economic stability in Russia, including obligating exporters in Russia to sell 80 percent of foreign exchange earnings on the Moscow Stock Exchange.
Some experts believed that these measures constituted a significant support for the Russian currency and contributed to strengthening the ruble's positions.
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