Russian Ruble Weakens Against U.S. Dollar Following Alexei Navalny's Death
16 February 2024 - 7:46PM
RTTF2
The Russian ruble fell against the U.S. dollar on Friday,
following the death of jailed opposition leader Alexei Navalny in
an Arctic Circle jail.
The authorities said that Navalny had "felt unwell" after a walk
and had "almost immediately lost consciousness."
The emergency doctors declared that the prisoner has died and
the cause of death is being established.
Russia's central bank decision to leave the key interest rate
unchanged also weighed on the currency.
The board of directors of Bank of Russia, headed by Elvira
Nabiullina, decided to hold the key rate at 16.00 percent.
The Russian ruble touched 93.48 against the greenback, its
lowest level since December 7. The currency is likely to face
support around the 102.00 region, if it falls again.
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