In just three months, the national currency of Russia dropped by 15 rubles against the American dollar.
In Russia, the official dollar exchange rate exceeded 100 rubles for the first time since October 10, 2023. This was confirmed by data from the Central Bank of the Russian Federation on Tuesday, November 19.
Thus, the Russian regulator increased the official US dollar exchange rate by 9.18 kopecks on Wednesday, to 100.0348 rubles. The value of the ruble, expressed in dollars, decreased by 0.09% compared to the previous day.
The official exchange rate of the euro against the ruble, announced by the Bank of Russia on November 20, is 105.7338 rubles/EUR. Thus, the value of the ruble expressed in euros decreased by 0.26% compared to the previous day.
We remind you that last week the dollar exchange rate in Russia reached 100 rubles on the stock exchange for the first time in a year. In just three months, the national currency of Russia dropped by 15 rubles against the American dollar.
Earlier, the media reported that the Russian authorities were preparing for the national currency to fall below the psychological threshold of 100 rubles per dollar. This could prove beneficial for the state budget amid planned spending increases next year.
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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