mosaique.info logo
sign up
  1. home
  3. article
  5. Russian ruble reaches lowest level since 2021

Russian ruble reaches lowest level since 2021

ai generated text

The value of the Russian ruble has significantly decreased, reaching levels not seen since the early days of Russia's war against Ukraine. This decline has been a gradual process throughout November, culminating in a sharp drop on a day referred to as "Black Wednesday." The current exchange rate is 109.5 rubles per dollar, according to the Central Bank of Russia.

  1. RU
    Central Bank of Russia
    1. The Bank of Russia has decided that, from 28 November through 31 December 2024, it will not buy foreign currency in the domestic FX market.
    2. The decision to resume operations on the domestic exchange market [...] will be made based on the current situation in financial markets.
  2. RU
    Vladimir Putin
    Krem­lin
    1. It is not easy, neither in our country nor in neighboring countries, but everything is under control, everything is going according to plan.
    2. The situation is under control; there's no reason to panic.
  3. RU
    Dmitry Pinov
    1. Given that imports constitute 25% of the consumption basket, the effect is much stronger. Our models indicate an impact five times greater than what the central bank suggests.
    2. We believe the central bank underestimates the price transmission effect.
  4. RU
    Dmitry Shashkin
    Kuppersberg
    1. We have been trying to curb the hikes over the past two months, but the current conditions no longer allow it.
  5. RU
    Sergey Dubinin
    1. This doesn't mean that the economy will collapse tomorrow or stop functioning. Our neighbors in Turkey have experienced inflation of around 50% for several years. I am not saying this is good, but it is a long process.

sources

  1. 1.France 24
  2. 2.El Paìs
  3. 3.Le Monde
  4. 4.Kommersant

perspectives

  1. 1.Russian Foreign Policy
  2. 2.Russia-Ukraine War
  3. 3.US-Russia Relations
  4. 4.Russian Politics
  5. 5.EU-Russia Relations
  6. 6.Inflation
  7. 7.European Energy Market
  8. 8.German Economy
  9. 9.Central Bank

countries

  1. 1.Russian FederationRU
  2. 2.TurkeyTR
  3. 3.UkraineUA
  4. 4.United StatesUS

organizations

  1. 1.Krem­linRU
  2. 2.GazpromRU
  3. 3.Central Bank of RussiaRU
  4. 4.Krups
  5. 5.Bank of Russia
  6. 6.European Union
  7. 7.Rowenta
  8. 8.RZHD
  9. 9.SEB-Vostok
  10. 10.Society for Worldwide Interbank Financial Telecommunication
  11. 11.UnionPay
  12. 12.URA

persons

  1. 1.Vladimir PutinRU
  2. 2.Dmitry ShashkinRU
  3. 3.Elvira Nabiullina
  4. 4.Sergey DubininRU

technicals

  1. 1.Black Wednesday
  2. 2.Central Bank
  3. 3.Crimea Peninsula
Russian ruble reaches lowest level since 2021