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Written by Jack of all trades on 2024-11-28 at 11:17

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Russia's central bank said on Wednesday it would stop foreign currency purchases in order to ease pressure on the financial markets after the rouble weakened beyond 110 to the U.S. dollar, down by one-third since early August.

Sanctions imposed by the United States on Russia's third-largest lender, Gazprombank, which handles the energy trade, were behind the rouble's sharp fall.

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https://www.reuters.com/markets/currencies/russian-rouble-down-by-one-quarter-since-early-august-2024-11-27/

[#]Russia #economics

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