09/08/2023 13:04 (UTC)

Russia's national currency weakens as dollar and euro hit record highs on Moscow Stock Exchange

Moscow (Russia), Aug 9 (EFE/EPA) - (Camera: Sergei Ilnitski) The dollar and euro rates on the Moscow Stock Exchange again reached their highest since March last year. The euro rose above 107 rubles for the first time since March 25, 2022, while the dollar traded at 98 rubles. Russian Finance Minister Anton Siluanov explained that the main reason for the sharp weakening of the national currency is the change in the country's trade balance. He noted that the ruble exchange rate depends on the inflows and outflows of foreign currency in and out of Russia and that recently many foreign companies have left the country.

FOOTAGE OF THE EXTERIOR OF AN EXCHANGE OFFICE IN MOSCOW SHOWING STOCK MARKET VALUES.

Metadata

Date: 09/08/2023 12:00 (UTC)
Credit: EFE
Source: EPA
Topic: Economy, business and finance
Type: Rough cut
Duration: 38 seconds
Reference: 7001287519
Relevance: Normal