Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Ruble Lost One-sixth of its Value in a Year
10.01.2021 17:28
Ruble Lost One-sixth of its Value in a Year

The ruble has depreciated by 16.7% against the dollar and by 24.1% against the euro in 2020. The fall was caused by a pandemic, a decline in oil prices, imposed sanctions and the threat of new ones.
      Credit Suisse experts called the ruble the main disappointment of the year. And yet, the weakening of the ruble over the economic history of Russia is not the peak, RBC notes. During the 1998 crisis, the domestic currency fell against the dollar by almost 70%; in 2014, the ruble dipped by 41%. The collapse of the ruble in 2020 was restrained by the Central Bank, during the fall in oil prices in March, the regulator was selling currency on the domestic market. The fall "subsidence" of the Russian currency was restrained by the sale of the remains from the deal with Sberbank and the currency that participated in the deal on the placement of shares of Aeroflot, the newspaper specifies.
      According to forecasts, in 2021, fluctuations in the exchange rate of the national currency will be in the range of 66-82 rubles per dollar. The average exchange rate of the dollar against the ruble next year will be approximately 72.7 rubles, the euro - about 86.55 rubles.


Author: Anna Dorozhkina

Tags: Russian economy     

Next Previous

You might also find interesting:

New Rules for Controlling Cash Transactions Came into Force in Russia
Freedom Buys American Broker
4.5 Million Entrepreneurs Went Bankrupt during the Pandemic in Russia
State Duma Approved Criminal Liability for Blocking Streets
Gazprom and Roskosmos to Expand Cooperation on Satellite Systems

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Adygea  Nobel Prize  Irkutsk  freedoms in Russia  National Russian Dress  Russian tourism  FIFA World Cup   Exhibition  Russian Cinema  Estonia  poll  Ilya Ilf  Russian economy  Mikhail Bulgakov  Fyodor Fyodorovich  Mercedes-Benz Fashion Week Russia  Russian interent  plane crash  Roman Abramovich  Russian Stage Directors  Barnaul  Moscow monuments  Street Art  Russian Railways  gold mining  St. Petersburg  Moscow  Russian business  Kabardino-Balkar Republic  Moscow Region  Photomontage  animation  Masyanya  travel to Russia  Komi Republic  Moscow Architecture  film awards  society  tours in Ostankino TV tower  obituary  Antique  Festivals in Moscow  Russian-Myanmar  Russian fashion  Mouse  Omsk, Fortresses  Alisher Usmanov  Exhibitions in Moscow  Skopin Ceramis  Murmansk Monuments 

Travel Blogs
Top Traveling Sites