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Russia's strong currency puzzles economists, signals economic woes

Russia's strong currency puzzles economists, signals economic woes

Since early December, the Russian ruble has continued to strengthen against global currencies: on Dec. 7, it reached a value of only 76 rubles for one U.S. dollar, a figure unseen since May 2023.

It soon dropped to 79 rubles per U.S. dollar, an exchange rate close to

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