Today, the Russian currency briefly exceeded the symbolic threshold of one hundred rubles for one US dollar due to the outflow of currencies and the reduction of the country's current account surplus. Then the Russian currency recovered part of the losses and was quoted at the level of 99,41 rubles to the dollar, after reaching 100,2550 rubles to the dollar. The latest triple-digit drop…
The Central Bank of the Russian Federation scheduled an extraordinary session today to discuss the latest problems related to the weakening of the ruble in relation to other world currencies. The Russian newspaper Kommersant states that the meeting will discuss how to prevent a possible currency panic related to the weakening of the ruble. One of the measures for which...
The central bank of Russia will "save" the ruble with higher interest rates Read More »
The value of Russia's currency, the ruble, hit its lowest level since the first weeks of the war in Ukraine today, as Moscow increases military spending and Western sanctions weigh on its energy exports. One dollar cost 101 rubles this morning, so the decline in the value of the Russian currency continues by more than 25 percent compared to...
The ruble is at its lowest level since the first days of the war in Ukraine Read More »
The Russian ruble continues to depreciate and has fallen to some of its lowest levels since the beginning of the war in Ukraine. The dollar rate on the Moscow Stock Exchange rose to 99 rubles, the euro - to 109 rubles. This happened for the first time since March 25, 2022, but the decline has been a constant trend for six months, putting the …
The Russian ruble has become one of the three weakest currencies in the world Read More »
The digital ruble will be offered to everyone after it has been tested among a narrow circle of real customers, Central Bank Governor Elvira Nabiulina said today in the State Duma of Russia, quoted by TASS. "We are ready to start a pilot introduction of the digital ruble, to conduct real operations with real money." For now we are talking about small amounts...
