Following Russia the Ruble Collapsed in Tajikistan too

Rate of the Russian Ruble decreased by approximately 20 per cent in Dushanbe’s exchange offices over the past few days. If in the beginning of the week, 1,000 Russian Rubles cost 100-101 Samani, today they pay only 75-80 Samani for this amount. The National Bank of Tajikistan directly link the sharp depreciation of the Russian […]

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Rate of the Russian Ruble decreased by approximately 20 per cent in Dushanbe’s exchange offices over the past few days.

If in the beginning of the week, 1,000 Russian Rubles cost 100-101 Samani, today they pay only 75-80 Samani for this amount.

The National Bank of Tajikistan directly link the sharp depreciation of the Russian Ruble to its record collapse in Russia itself.

The fall of the Ruble, which began on Monday, 15 December, is the strongest since the 1998 default. On the night to Tuesday, the Russian Central Bank abruptly and unexpectedly for all sharply increased interest rates from 10.5 to 17 per cent, but the regulating body’s measures did not save the Ruble.

The Dollar and the Euro renewed their historic maximum, and crossed the 80 and 100 Ruble barriers respectively. Towards Tuesday evening the Ruble strengthened a bit. Towards the end of the day, which has already been called in Russia as “Black Tuesday”, the Russian currency managed to win back some of its losses. According to the Moscow Stock Market, Wednesday morning, 17 December, the Dollar crossed the 71 Ruble barrier, and the Euro is being traded at the rate of 89 Rubles. 

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