Bank of Russia to Set Daily Exchange Rates for Three African Currencies Against the Ruble Starting July 10

 Starting July 10, the Bank of Russia will begin establishing official exchange rates for the ruble against an additional 12 foreign currencies, including those of several African nations. This was announced by the regulator's press service.

Among the currencies added to the list are the Algerian dinar, Ethiopian birr, and Nigerian naira.

In addition, the Bank of Russia will also publish exchange rates for currencies such as the taka, Bahraini dinar, boliviano, Cuban peso, Iranian rial, kyat, tugrik, Omani rial, and Saudi riyal.

The official exchange rates against the ruble will be published daily starting from July 10.

In June, the Bank of Russia highlighted that African countries are leading in the growth of ruble transactions. In April, the maximum annual ruble inflows from African partners in Russia's foreign trade turnover surged to 98.3%.

Buinta Bembeyeva