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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 21:50

Currency exchange points in Riga purchasing Russian rubles with large price reserve

BC, Riga, 17.12.2014.Print version
Currency exchange points in Riga are purchasing Russian rubles with a large price reserve, LETA has observed.

For example, the selling price for Russian rubles (RUB) at Tavex currency exchange points is currently at RUB 77.87 for one EURO, but the purchase price of rubles is currently at RUB 119.13 for one EURO.

 

Tavex spokesman Janis Astics told LETA that there is nobody is exchanging Russian rubles at the exchange points at the moment, as the exchange rate has been set with a large price reserve.

 

Meanwhile, the selling price for Russian rubles at Money Express currency exchange points is currently at RUB 73.96 for one EURO, but the purchase price of rubles is currently at RUB 120.48 for one EURO.

 

The AFP news agency reports that the Russian ruble crashed to new record lows Tuesday, losing some 20% in value by the afternoon despite drastic overnight measures by the central bank to hike the key rate.

 

The ruble hit 80 to the dollar and 100 to the euro on the Moscow Exchange. Overall the Russian currency has lost nearly 60% of its value since the start of the year.






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