August 14, 2023 the Russian ruble fell to an unprecedentedly low level. On currency exchanges, the value of 1 ruble decreased to 0.0999, meaning that for 100,000 rubles, 999 dollars are offered. At the same time, Russian authorities claim that contrary to forecasts, numerous economic sanctions imposed by countries around the world against Russia have had the opposite effect and provoked growth […]
August 14, 2023 the Russian ruble fell to an unprecedentedly low level.
On currency exchanges, the value of 1 ruble decreased to 0.0999, meaning that for 100,000 rubles, 999 dollars are offered.
At the same time, Russian authorities claim that contrary to forecasts, numerous economic sanctions imposed by countries around the world against Russia have had the opposite effect and provoked growth in the Russian economy.
Also, on June 7, the National Bank of Tajikistan, the sole regulator of the country’s exchange rate, officially announced that the official exchange rate of the Russian ruble to the national currency, somoni, was 0.1113, meaning that for 1,000 Russian rubles, 111 somoni 13 dirams are offered.
The exchange rate of the Russian ruble continues to fall against all foreign currencies since February 2022, amid news of 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 United Kingdom.
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.