The Russian currency continued to rise against the European and American currencies, as the euro traded today below the level of 67 rubles for the first time since June 2017, while the US currency was traded below the level of 65 rubles for the first time since mid-2017.
The Russia Today website stated that the dollar exchange rate fell by 2.52 rubles to 64.63 rubles, while the euro exchange rate fell by 3.53 rubles to 66.96 rubles, according to Moscow Stock Exchange data.
At the beginning of last March, the Russian Central Bank announced a set of measures to achieve financial and economic stability in Russia. The most prominent of these measures is obligating exporters in Russia to sell 80 percent of foreign exchange earnings on the Moscow Stock Exchange.
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