Tue Nov 26 09:00:00 UTC 2024: ## Ruble Falls Below 103 to the Dollar for First Time Since March 2022
**Moscow, November 26** – The Russian Central Bank (CBR) set the official exchange rate of the US dollar above 103 rubles for the first time since March 2022. This marks a significant weakening of the ruble against the dollar.
The CBR’s official exchange rates for November 26th are: 103 rubles per US dollar, 107.43 rubles per euro, and 13.94 rubles per Chinese yuan. This compares to Friday’s (November 25th) rates of 102.58 rubles per dollar, 107.43 rubles per euro, and 13.94 rubles per yuan. Unofficial trading on Friday already saw the dollar exceed the 103 ruble mark.
The Central Bank emphasized that this information is for informational purposes only and does not constitute investment advice. The move reflects ongoing volatility in the Russian currency market.
First Piper 