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Russia’s Central Bank Acknowledges ‘Short-Term’ Impact on Ruble Exchange Rate

Philipp Gabunia, deputy chair of Russia’s Central Bank, said the bank had taken sufficient measures to stabilize the ruble.

How Far Can Russia’s Ruble Fall Amid Its Latest Tumble?

Moscow will likely be able to halt the freefall triggered by mounting sanctions pressure, but its value will continue to gradually decline in 2025.

Russian Central Bank Halts Currency Buying Until 2025 as Ruble Slides

The suspension comes as the ruble traded as low as 113 to the dollar for the first time since March 2022.

Ruble Tumbles to Lowest Point Since March 2022

Finance Minister Anton Siluanov described the devaluation as “very, very favorable” for Russian exporters, though consumers are likely to feel the...

Russian Ruble Falls to 100 Per Dollar in Official Exchange Rate

Wednesday’s rate, pegged by the Russian Central Bank at 100.03 rubles per dollar, reflects a nearly 19% devaluation since early August.

Russian Officials ‘Resigned’ to Letting Ruble Fall Past 100 vs Dollar – Bloomberg

Some officials expect the low exchange rate will benefit Russia’s state budget amid government plans to increase defense spending.

Russian Central Bank To Resume Currency Trades in 2024

The Bank had suspended those transactions in August as the ruble slid below 100 against the U.S. dollar.

Russia Introduces New Currency Controls for Exiting Companies to Prop Up Ruble – FT

The new restrictions add to existing rules requiring foreign companies that seek to leave the country to sell their Russian assets at a discount and pay...

Ruble Falls Further But Putin Says Economy 'Stable'

The Russian currency fell by as much as 101.46 rubles to the dollar in morning exchanges before paring down some losses.

Ruble Slumps Past 100 vs. Dollar Again as Russia's Economic Woes Mount

The depreciation raises the prospect of weaker spending power for Russians, who are forced to pay more for imported goods.

Falling Ruble Dents Russia’s Image Among Central Asian Migrant Workers

The Russian economy relies on millions of migrant workers. A weak currency has many looking elsewhere for opportunities.

Russia Steps Up Support for Sagging Ruble

Russia's Central Bank said that between Sept. 14 and 22 it would sell 21.4 billion rubles ($218.5 million) worth of foreign currency each day.

What Do Russians Think About the Ruble's Decline?

The ruble has taken a beating in recent weeks, triggering concerns that it could set off an inflationary spiral and panic in domestic financial markets...

Putin Opts Against Stricter Capital Controls Amid Ruble's Slide – Vedomosti

Exporters had “informally” agreed to raise foreign currency sales, allowing the government to avoid the “last resort” option of imposing capital...

Russia Raises Interest Rates to 12% After Ruble Plummets

The ruble gained strongly on the decision, rising by more than 2% to around 95 against the U.S. dollar.

Kremlin Unfazed as Ruble Crashes Through 100 vs. Dollar

A weaker currency could help fund Russia’s invasion of Ukraine, but it will trigger an inflationary spiral at home.

Ruble Slips Past 100 Against Dollar

The Moscow Exchange showed the ruble trading at 101.01 to the dollar at 11:33 am local time, while it hit a near 17-month low of 110.73 against the euro...

Russia’s Digital Ruble Won’t Help It Evade Sanctions Anytime Soon

Russian lawmakers, think tanks and state media outlets have touted the Digital Ruble as a game-changer in helping Russia skirt Western restrictions.

Russians Withdrew Over $1 Bln From Banks During Wagner Mutiny

It was the highest surge in demand for cash since the Kremlin announced a military mobilization in the fall of 2022.

Ruble Sinks Further Amid Mutiny Fallout

Russia’s Central Bank said Thursday that the ruble’s weakening was brought on by falling export proceeds.

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