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The Russian ruble has weakened again against the US dollar in early October, despite a slight improvement on Tuesday.
One US dollar trading at more than 100 rubles in August prompted Russia's Central Bank to raise interest rates to 13 percent.
On Tuesday morning, one US dollar was traded at 99.41 Russian rubles, while one euro at 104.11 rubles.
The Russian currency faces huge fluctuations at the beginning of each month after missing a favorable tax period, which was followed by the conversion of exporters' income to meet financial obligations.
The economic advisers of the Russian president, Vladimir Putin, have criticized the Central Bank for inappropriate policies for the current state of the ruble. The ruble has experienced a major blow since the start of Russia's war in Ukraine in February 2022.
That period marked a record for currency trading, as one US dollar was traded for 120 Russian rubles.
The decline in exports, Western sanctions and the change in the direction of world trade are some of the causes of the weakening of the Russian currency. Russian President Vladimir Putin calls the war a "special military operation" to demilitarize Ukraine.
The West has responded to Russia, hitting the economy of this country with harsh sanctions.
As a result of the war, thousands of people have died and millions more have been displaced from their homes./ REL
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