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:

Business Profits Fell by 67% in Spring
TikTok Small Business Advertising Platform will be Available in Russia
Freedom Buys American Broker
Revenues of Russian Video Bloggers are Falling Amid the Crisis
Moscow Put up for Auction 68 Properties at Discounted Prices for SMEs

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Tolstoy Weekend Festival  travel to Russia  Universal Credit Rating Group  Alex Ovechkin  Mass Media  US sanctions  Sverdlovsk region  Sakhalin  Marina Neyolova   Moscow  Penza  St. Petersburg  Lev Kuleshov  Russian regions  Lipetsk Region  Skomorokhi  Nezhnaya Cave  Cossacks  Heroism   Tyumen  robotics  Chebarkul Meteorite  Kazan Station  Russian Cinema  Festivals in Moscow  Euromaidan  criminality  Ukraine  missile defence system  Russia security services  Islamic State  Treasures  Exhibitions in Moscow  St. Petersburg Parks   Book Tickets for Ballet  Russian business  Alexey Navalny  Russian television  Russian actors  ecology  Russian singers  Valery Gergiev  Holland  Russian tourism  coronavirus  bridge  Regional Cuisines  Russian students  Hermogenes of Moscow  Mercedes-Benz Fashion Week Russia 

Travel Blogs
Top Traveling Sites