Within hours of the start of trading, the Russian currency’s exchange rate against the dollar fell by nearly 3 rubles, to 103.74 rubles/dollar.
The Russian ruble fell to its lowest level since March 2022 after new US sanctions against Russian banks. This was reported by The Moscow Times on Friday, November 22.
Thus, within a few hours from the beginning of trading, the exchange rate of the Russian currency against the dollar fell by almost 3 rubles, to 103.74 rubles / dollar. The euro rose above 108 rubles for the first time in a month and a half and almost updated the annual record.
The yuan exchange rate on the Moscow Exchange, where trading in world currencies has stopped due to sanctions, is close to the 14 ruble mark, which the market has not seen since October of last year. At 13:45 Moscow time, the Chinese currency was worth 13.99 rubles, and this was the highest for the past year.
Let’s remember that on November 21, the United States announced the largest sanctions against Russian banks since the spring of 2022, when Sberbank and VTB were cut off from the global financial system. The restrictions affected 50 banks in Russia, including Gazprombankwhich is the only “hub” for EU payments for gas and maintains access to SWIFT.
As you know, on November 19 in Russia the official dollar exchange rate exceeded 100 rubles for the first time since October 10, 2023. In just three months, the national currency of Russia decreased by 15 rubles .
Source: korrespondent
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