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Argentina Raises Key Rate to 44.5% as Inflation Heats Up

Reuters

Rouble firms past 100 vs dollar after Putin announces gas currency switch

The potential ramifications of that move, which Putin ordered his government to sort out in one week, could boost the Russian currency, with a host of European countries still dependent on Moscow for much of their energy supplies. The rouble had stabilised near 105 to the dollar in recent sessions after falling to a record low of 120 in Moscow this month and even further on the interbank market to 150. Russia has taken a hit from unprecedented Western sanctions over events in Ukraine, what it terms a “special operation”, that started on Feb. 24.

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