U.S. dollar's woes are only beginning, Ulf Lindahl says
The U.S. currency will plunge 36% against the euro over the next year
China and Russia to create financial alliance?
Russia and China have reduced the use of the dollar in bilateral transactions by almost half, and in the future, this may result in the creation of a "financial alliance", Japanese Nikkei Asian Review reports. According …
It is time to abandon dollar hegemony
Issuing the world’s reserve currency comes at too high a price
Sberbank SEO expects ruble to strengthen at year end
Chief executive of Russia’s Sberbank German Gref said that the Russian ruble may strengthen at 60-62 rubles per dollar at year end. According to him, Russia's national currency is closely related to oil prices, but they …
Dollar drops below 70 rubles
The dollar exchange rate declined below 70 rubles for the first time since March 6 during the today's trading on the Moscow stock exchange. As of 11:59 Moscow time, the dollar lost 0.50 rubles and was worth 69.64 rubles, while …
Sudden interest in foreign currency in Turkmenistan
Ashgabat is feeling the pinch from the collapse in demand for its natural gas
Russia's foreign debt shrinks as rouble weakens
Russia’s total external debt shrank in the first quarter to its lowest level since 2009, the central bank said, posing few extra risks for the already battered rouble and helping Russia withstand coronavirus-related shocks. …
Dollar exchange rate exceeds 80 rubles
The Russian ruble weakened against the dollar this morning, trading more than 80 per dollar, according to data from the Moscow Exchange. The Russian currency stood at 80.85 against the U.S. dollar, a 2.6% increase, as of 10:00 …
Dollar exchange rate exceeds 80 rubles
The Russian ruble weakened against the dollar this morning, trading more than 81 per dollar, according to data from the Moscow Exchange. The Russian currency stood at 80.79 against the U.S. dollar, 1.2% weaker than at the end of last …
Russian ruble hits 5-year low
The Russian economy has been rocked by the coronavirus outbreak, and the breakdown of the OPEC+ oil production pact between Russia and Saudi Arabia. The turmoil has shocked traders around the world and resulted in sharp volatility on the …
Dollar exchange rate exceeds 79 rubles
The Russian ruble weakened against the dollar this morning, trading more than 79 per dollar, according to data from the Moscow Exchange. The dollar exchange rate has exceeded the 79 ruble mark for the first time since February …
Dollar rises above 75 rubles
The dollar rose by 3% during the trading session on the Moscow Exchange today to 75.16 rubles, according to trading data. The dollar rate was at the level of 75 rubles last time on February 29, 2016. The euro added …
Dollar exchange rate exceeds 72 rubles on Moscow Exchange
The dollar exchange rate gained 6.4% since its previous closure on the Moscow Exchange as Tuesday trading opened to 72.99 rubles, exceeding the 72 rubles mark for the first time since March 2016, according to the trading data as of 10:00 am …
Finance Ministry assures Russia to cope with falling oil prices
Russia’s Finance Ministry said it would sell foreign exchange reserves in a bid to stabilize the ruble. “The value of liquid assets of the NWF and funds in the account for additional oil and gas revenues stand at more than …
Dollar-to-ruble rate grows to 72.5 rubles on Forex
The dollar-to-ruble rate on the international Forex market rose on Monday since the previous closure by 3.93 rubles and amounted to 72.5 rubles, according to the trading data. The euro-to-ruble at Forex increased compared to the closing …
Why Coronavirus fears hit ruble exchange rate?
The dollar exchange rate increased to 64.01 rubles at the Moscow Exchange today. As of 11:26 Moscow time, the dollar was 64.04 rubles (+0.23%), and the euro - 70. 96 rubles (+0.11%). For the last time, the dollar exchange rate …
Russia continues policy of gradual de-dollarization
Amid Washington's sanctions, Moscow pursues the policy of gradual de-dollarization of its economy and expansion of settlements in national currencies, Russian Foreign Minister Sergey Lavrov said. The minister …
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