Bank of Russia Raises Dollar Exchange Rate to 76.64 Rubles
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- •The Bank of Russia set the dollar exchange rate at 76.64 rubles for February 20.
- •Russia's monetary base increased by 122.2 billion rubles between February 6 and February 13.
- •The ruble slightly strengthened against the Chinese yuan on the Moscow Exchange after oil prices rose.
What Could Happen If...
- ▸If the ruble continues to strengthen against the yuan and other currencies Russian importers may benefit from lower costs, while exporters could face reduced competitiveness.
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- Topic: US–China Economic Conflict
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