Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Russian rouble hits 32-month low against the dollar : Analysis

Reading Time (200 word/minute): 2 minutes

The Russian rouble hit its lowest level in over 32 months, falling beyond 110 to the US dollar for the first time since March 16, 2022. The currency also dropped to its lowest mark against China’s yuan since March 2022. The stock market decline, combined with geopolitical risks and new US sanctions, has contributed to the rouble’s fall. Analysts predict further devaluation, with the rouble potentially reaching 115 to 129 against the dollar by the end of 2024. Russia’s finance minister downplayed concerns, highlighting potential export benefits. Sanctions on the financial sector and disruptions in foreign trade payments have worsened the rouble’s slide.

Analysis:
The information presented in the article about the Russian rouble hitting its lowest level in over 32 months appears to be based on factual economic data. The sourcing seems credible as it mentions the currency’s specific exchange rates against the US dollar and China’s yuan, providing a quantitative understanding of the situation. The mention of geopolitical risks, new US sanctions, and potential future devaluation also adds context to the economic factors influencing the rouble’s decline.

However, the article may have biases depending on the perspective presented. For example, the finance minister’s attempt to downplay concerns and emphasize potential export benefits could be seen as a bias towards a positive outlook. It would be beneficial to include a range of perspectives or expert opinions to provide a more comprehensive analysis.

Given the current political landscape, where tensions between Russia and Western countries are high, there is a risk of misinformation or propaganda influencing public perception. The prevalence of fake news and political agendas could shape how individuals interpret this economic news, potentially leading to misunderstandings or the spread of biased narratives.

Overall, the article provides valuable economic information on the rouble’s decline but could benefit from a more balanced presentation of perspectives and analysis. The political context and the presence of misinformation in the media landscape can amplify the impact of such economic news on public perception.

Source: Aljazeera news: Russian rouble drops to lowest level against the dollar in 32 months

Leave a Reply

Your email address will not be published. Required fields are marked *