The Russian currency continues to rise for the third consecutive session against the European and American currencies, despite Western sanctions imposed on Russia.
The dollar exchange rate fell by 23 kopecks to 63.07 rubles, and before that, at the beginning of today’s trading, the dollar traded below the level of 63 rubles, for the first time since February 2020.
The European currency "the euro" was traded at the level of 65.35 rubles, and before that, at the beginning of trading, the euro was traded below the level of 65 rubles, for the first time since June 2017.
At the beginning of last March, the Russian Central Bank announced a set of measures to achieve financial and economic stability in Russia, among which the most prominent measures are obligating exporters in Russia to sell 80 percent of foreign exchange earnings on the Moscow Stock Exchange.
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