Russia Suspends Forex Purchases Amid Ruble Freefall and Economic Challenges
The Russian Central Bank’s decision to halt foreign currency purchases on the domestic market came into effect following a sharp decline in the ruble, which fell to an alarming exchange rate of 113 rubles per dollar on Wednesday. The move aims to stabilize the currency amid heightened market volatility. Simultaneously, the bank announced it would continue selling foreign exchange at a rate of 8....