©Reuters. Euro falls to $1.1003 amid scuffle over Russian gas payment
Berlin, Apr 1 (.).- The euro closed this Friday lower and around 3:00 p.m. GMT it was exchanged at 1.1003 dollars compared to 1.1090 the previous day.
The single currency has come under pressure due to the uncertainty generated by the Russian decree aimed at Europe paying for its gas supplies in rubles.
The European governments have reiterated several times that the contracts must be respected and that they contemplate payments in euros, but there is no clarity about what the procedure to follow will be and there are even fears of a possible interruption of gas supplies.
The rise in inflation in the eurozone, averaging 7.5 percent and in some countries with rates above 10 percent, has also contributed to putting the euro under pressure.
The European Central Bank (ECB) set this Friday the reference exchange rate for the euro at 1.1052 dollars.
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