The rouble has lost around 11% to the dollar since a price cap on Russian oil exports came into force on Dec. 5, although analysts said the technical impact will be felt more strongly in January-February.
major currency, boosted by capital controls and collapsing imports, only losing the top spot this month.It firmed 2.9% against the yuan to 9.89 after Russia said it had "It is important for us to have predictability and stability of exchange rate fluctuations," Siluanov said in an interview broadcast on state TV channel Rossiya-24.
The rouble has endured three of its four biggest monthly declines this year since 2015, in February, July and now December. This year has been the rouble's most volatile since the domestic debt default in 1998.Other government officials have made it clear that a weaker rouble, in the 70-80 range, is beneficial as Russian exports fall.
Drops whole month... Reuters: ruble soaring... lmao
This article is false. Today, Dec. 29th, the Ruble is trading against the dollar at nearly 72 rubles/1 dollar. A month ago it was 60/1. That’s a steep drop in the value of the ruble as the year ends. Total bs article.
west tried hard to corner Russia and its currency but failed