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Why is Russia deliberately weakening its currency?

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Why is Russia deliberately weakening its currency?
Why is Russia deliberately weakening its currency?
GOVERNMENTS AND central banks usually insist that they want a strong currency. Not, just now, in Russia. On August 5th the Ministry of Finance declared that it would increase its daily purchases of foreign currencies and gold by around 20%, from 5.4bn roubles (then $69m) in July to 6.5bn roubles. The rouble duly slid,
The Economist
The Economist🏁 first to report16 hrs ago
Why is Russia deliberately weakening its currency?
A strong rouble was hurting the budget