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Euro's official exchange rate surged to 99 Russian rubles

Central banking authority determines foreign currency exchange rates versus the ruble on September 19. Data from the regulatory body suggests that the euro is approaching the 99-ruble threshold, leading to a 67.79 kopeck boost in the euro rate, now at 98.9773 rubles.

Euro's exchange rate surges to 99 rubles in official stance
Euro's exchange rate surges to 99 rubles in official stance

Euro's official exchange rate surged to 99 Russian rubles

The Central Bank of Russia announced today that it has set the official exchange rates for several foreign currencies for tomorrow, September 20.

The official exchange rate for the US bank against the ruble has been increased to 83.1725 rubles, marking an increase of 17.38 kopecks compared to the previous day. The euro, too, has seen an increase, climbing closer to the 99 ruble mark as the official exchange rate now stands at 98.9773 rubles, a rise of 67.79 kopecks.

The British pound has also strengthened against the ruble, with the official exchange rate increasing to 91.1735 rubles, a boost of 25.51 kopecks. The Swiss franc has followed a similar trend, with the exchange rate rising to 86.7840 rubles, a 3.95 kopeck increase.

The Japanese yen has also seen a slight increase, with the official exchange rate now at 79.1488 rubles, representing a 14.01 kopeck rise. The Chinese yuan, on the other hand, has experienced a minor increase of 0.38 kopecks, with the official exchange rate now at 11.6661 rubles.

Anastasia Smirnova, a reporter for RIA "Novy Day", reported that the adjustments in exchange rates come as the global economic landscape continues to evolve. The bank's decision to set the official exchange rates for multiple foreign banks indicates a proactive approach to managing the country's currency market.

These changes are set to take effect tomorrow, September 20, as the Bank of Russia continues to monitor and respond to the dynamic global economic environment.

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