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
(Source: https://pixabay.com/ru/photos/ìîíåòû-ðóáëè-ðîññèéñêèå-äåíüãè-4717461)

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.
      
      
      

Sources: https://rb.ru 


Author: Anna Dorozhkina

Tags: Russian economy     

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit


Ïàðòåð


TAGS:
Russian politics  Graphic Art  Smoking in Russia  Russian sportswomen  Joseph Kobzon  Novokosino  protest actions  technology  Russian scientists  Spring-Summer’13  Russian tourism  Kaluga Region  Cossacs  Books  Russian business  Russian churches  Art Performances  Russian Art Collectors  corruption  Sviatoslav Richter  Serebryany Ruchei   Krasnokamensk  Exhibitions in Moscow  Russian science  terrorism  Ural Airlines  Moscow sightseeing  Sochi 2014  federal budget  nudist beach  Russian Film Directors  Russian Cinema  Boris Nemtsov  Victor Pelevin  Kavalerovo   Moscow  Russian metal  Russian economy  FIFA Russia 2018  Clint Eastwood  Moscow Metro  Russian Monuments  Zenit St. Petersburg  St. Petersburg  FIFA World Cup   Gastronomic map  international cooperation  Mercedes-Benz Fashion Week Russia  Curonian Lagoon  Book Tickets for Operas 


Travel Blogs
Top Traveling Sites