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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Russia Ruble Exchange Rate Drops 20% In A Day (267 Views)
Russia Ruble Strengthens To 51 A Dollar From 150 In March / Russia's Ruble Is World's Top-performing Currency Against The Dollar / How Russia Rescued The Ruble (2) (3) (4)
Russia Ruble Exchange Rate Drops 20% In A Day by Chameleon9: 10:42pm On Mar 07, 2022 |
On 7 March, the ruble depreciated against the dollar and euro to a record low. Source: data from the over-the-counter Forex market. In the evening, the dollar was worth 150 rubles, the euro traded at 164.5 rubles. During the day, the euro and the dollar strengthened against the ruble by 22-23%. On 4 March, the Central Bank of Russia lowered the official exchange rates of the dollar and the euro to, respectively, 105.8124 and 116.5312 rubles. It was reported that they would be effective from 5 March. The Central Bank suspended trading in all markets of the Moscow Stock Exchange until 9 March. https://www.pravda.com.ua/eng/news/2022/03/7/7329178/ Economichna Pravda
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Re: Russia Ruble Exchange Rate Drops 20% In A Day by Chameleon9: 10:43pm On Mar 07, 2022 |
If, and when the Moscow Stock Exchange opens it's gonna be interesting |
Re: Russia Ruble Exchange Rate Drops 20% In A Day by Chameleon9: 10:44pm On Mar 07, 2022 |
The last time the Moscow exchange was closed for a week was in 1917 |
Re: Russia Ruble Exchange Rate Drops 20% In A Day by Frankiss44(m): 11:05pm On Mar 07, 2022 |
Chameleon9: Damn.. Just see what the ego of one man has caused |
Re: Russia Ruble Exchange Rate Drops 20% In A Day by Kelvin3476: 7:57pm On Mar 08, 2022 |
Chameleon9:Actually 3.24 naira for 1 Rubles today |
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