The Russian rouble has fallen against the dollar for the first time since April last year, to 80 roubles against the USD during trading on the Moscow Currency Exchange.
Source: Data from the Moscow Exchange.
At 09:50 (Kyiv time), the dollar exchange rate was 80.2 roubles to the US dollar.
The euro is trading at 87.55.
On 1 March, the Russian rouble fell to its lowest level in 10 months, losing about 20% of its value since the beginning of December. Western sanctions, declining revenues from energy sales and high military spending are putting much pressure on the Russian currency.
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Own-Philosophy-5356 on April 6th, 2023 at 11:57 UTC »
Us in Lebanon watching our currency go from 1500 for 1$ in 2019 to 100,000 for a dollar (present) : PATHETIC
moeriscus on April 6th, 2023 at 11:27 UTC »
In reality, it is probably even worse than this. Virtually no one is buying roubles. Now that all major global currencies are fiat currencies, everything is based on faith, and we're all just kinda making shit up. A recent Yale study indicates that no one really knows wtf is going on with the Russian economy, but that it's probably very, very bad. The IMF is just relying on the Kremlin's officially-stated numbers, which are likely being fabricated out of thin air. Yale's investigations into international private sector dealings with Russia suggest that it's a shit-show over there. Hopefully this is correct, and the sanctions are working...
mr_fujiyama on April 6th, 2023 at 11:02 UTC »
All part of Putin's 5d master plan