4 hours agoAfter Turkish lira, Russian ruble falls
Periskopi(8 years ago)
(8 years ago)Russian currency, ruble, has affected the lowest market level against the US dollar in the last two years on August 23rd. On Thursday, the ruble has dropped about 2 per cent by reaching 92 per US dollar, but after Russia's Central Bank said it would suspend the purchase of foreign currency, [...]
Russian currency, ruble, has affected the lowest market level against the US dollar in the last two years on August 23rd.
On Thursday, the ruble has dropped about 2 per cent by reaching 92 per US dollar, but after Russia's Central Bank has said it will suspend foreign currency purchase, the same is traded for 68.3.
The Central Bank has said it will not buy foreign currency by the end of September to undermine “instability in financial markets”.
The depreciation of this wave has come after recent reports that the United States is preparing for other sanctions against Moscow.
On 21 August, Washington has imposed sanctions against two Russian transport companies, following suspicions that they have traded oil with North Korea.
Russian President Vladimir Putin has named the sanctions <x0 unproductive>” following negotiations he has had with his financial counterpart, Saul Niinsto.
In April 2016, the ruble has seen a similar decline in oil prices.
Russia is highly dependent on fuel exports.
