The Russian ruble has strengthened against all foreign currencies, including the US dollar, euro, and somoni. Photo: Internet Today, May 13, the Russian ruble on international currency exchanges has risen to an unprecedented level in recent years. The exchange rate of the Russian ruble to the US dollar has also reached a record high in […]
The Russian ruble has strengthened against all foreign currencies, including the US dollar, euro, and somoni.
Photo: InternetToday, May 13, the Russian ruble on international currency exchanges has risen to an unprecedented level in recent years.
The exchange rate of the Russian ruble to the US dollar has also reached a record high in recent years, with 1000 US dollars being sold for 64,583 Russian rubles on the exchanges.
The euro exchange rate against the Russian ruble has also fallen to a record low in recent years, with 1000 euros being offered for 67,114 Russian rubles today.
The Central Bank of Russia has also raised the ruble exchange rate against foreign currencies, including the US dollar and euro, to a record high in recent years. It is reported that 1 dollar is bought for 59.97 and sold for 71.12 Russian rubles. For 1 euro, it is offered at 62.26 rubles and sold for 75.17 rubles.
However, the problem is that dollars and euros can be sold, but there are restrictions on purchasing them.
On the exchanges, the exchange rate of the Russian ruble is 194-195 somoni for 1000 rubles. However, the National Bank of Tajikistan has set the exchange rate of the Russian ruble significantly lower than the exchange rate. 1000 Russian rubles at the National Bank’s rate equals 166 somoni.
Earlier, against the backdrop of news about Russia’s attack on Ukraine, as well as after the imposition of sanctions by Western countries, including the European Union, the USA, Canada, and the UK, the Russian ruble sharply fell against all foreign currencies, including the Tajik somoni. At that time, 1000 dollars were offered for 150,000 Russian rubles. In early March, the ruble began to recover and today has reached the levels of 2015-2016.
In Russia, more than two million labor migrants from Tajikistan live and work, therefore, the rise and fall of the Russian ruble directly affects the economic situation of labor migrants and their families, as well as the economy of our country as a whole.