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Rouble rebounds past 100 vs. dollar after Putin's gas payments decree
By Gleb Bryanski and Elena Fabrichnaya
Reuters
Fridqy, December 6, 2024
MOSCOW -- The Russian rouble rebounded past 100 to the U.S. dollar, trading at 99.50 on Friday, after a decree by President Vladimir Putin which opened new payment options for European buyers of Russian gas, allowing foreign currency flows to resume.
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The rouble strengthened by 1.5% against the dollar, according to over-the-counter data from banks. It was also up by 2.4% at 13.57, rebounding past 14, against China's yuan in trade on the Moscow stock exchange.
Putin's decree meant that European buyers of Russian gas, including Hungary and Slovakia, which previously used Gazprombank for their transactions, could now convert their currency into roubles in other banks that are not under sanctions. ...
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