Wed Nov 27 08:40:00 UTC 2024: ## Ruble Plunges to New Low Against Dollar
**Moscow, Russia** – The Russian ruble hit a new low against the US dollar on Monday, November 27th, falling to 108.7025 rubles per dollar, a level unseen since March 16th, 2022. This represents a 3.04% increase in the dollar’s value against the ruble in a single day. The dollar’s rise on the Moscow Exchange’s futures market was slightly less pronounced, reaching 107.5 rubles.
The Central Bank of Russia, however, set the official exchange rate for the dollar at 105.0604 rubles on Wednesday. The euro was set at 110.4943 rubles, and the yuan at 14.4449 rubles.
Analysts attribute the ruble’s weakening to persistent geopolitical uncertainty, which is expected to lead to prolonged high government spending, according to Dmitry Babin of BCS World of Investments.
Other news included reports on extreme weather in Благовещенск (described as a “snow storm of the century”), the price of dollars at Moscow exchange bureaus, and restrained criticism from Trump’s team regarding Biden’s Ukraine policy. Additionally, several articles on unrelated topics such as banking technology, Russia’s appliance market, and a Chinese airshow were also mentioned.
First Piper 