The dollar exchange rate dropped below 97 rubles, the euro – below 103 rubles. – Kommersant
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The ruble strengthened at the start of trading on the Moscow Exchange amid the introduction of mandatory sales of foreign currency earnings. The dollar exchange rate dropped below 97 rubles, the euro – below 103 rubles. The American and European currencies traded at this level for the first time since September 29.
Current dollar and euro rates, as well as quotes for the main indices and shares on the Moscow Exchange are available on special page.
After the first minute of trading, the dollar exchange rate fell by 3.66 rubles, to 96.5 rubles. The euro cost 102.59 rubles, having fallen in price by 3.9 rubles. The yuan fell in price by 49.6 kopecks to 13.21 rubles. Later the rates strengthened a little.
President Vladimir Putin signed a decree the day before, on October 11, introducing the mandatory sale of foreign currency earnings for a limited number of companies. The list of exporters to whom the document will apply includes 43 groups of companies in the fuel and energy complex, ferrous and non-ferrous metallurgy, chemical and forestry industries, and grain farming.
Read more about the reasons for introducing the decree in the Kommersant article. “Meeting the Currency Commissioners”.
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