In just three months, the national currency of Russia dropped by 15 rubles against the American dollar.
The dollar exchange rate in Russia reached 100 rubles for the first time in a year. This is confirmed by data from Investing.com on Thursday, November 14.
During today’s trading session, the dollar rate rose to a maximum of 100.75 rubles.
The last time the official dollar exchange rate was above 100 rubles was recorded in October 2023. Moreover, in August 2024, about 85.5 rubles had to be paid for one dollar.
We remind you that the media reported that the Russian authorities are preparing for the national currency to fall below the psychological threshold of 100 rubles per dollar. This could be beneficial for the state budget amid planned spending increases next year.
Earlier in October, the State Duma of the Russian Federation immediately allocated an additional 1.5 trillion. rubles for the war in Ukraine.
Also in October, the Central Bank of the Russian Federation raised its key rate to a record level due to high inflation – up to 21%. Additional budget expenditures and the associated widening of the federal budget deficit in 2024 have pro-inflationary effects, the regulator admitted.
Source: korrespondent
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