The dollar exchange rate on the Moscow exchange reached 105 rubles, the euro -116 rubles

The dollar exchange rate on the Moscow exchange reached 105 rubles, the euro -116 rubles
The dollar exchange rate on the Moscow exchange reached 105 rubles, the euro -116 rubles
2 March, 16:06EconomyPhoto: Медиахолдинг1Mi
Against the backdrop of sanctions imposed against Russia, the ruble, after a short stabilization, continued to fall on the Moscow Exchange, depreciating by another 3.89 rubles: now the dollar is trading at around 105.12 rubles.

According toInterfax with reference to the data of the trading platform, 40 minutes after the opening of trading, the euro also added 3.51 rubles in price to the level of the evening of March 1 and reached 116 rubles.

“The dual-currency basket ($0.55 and 0.45 euros) has risen in price by 3.72 rubles compared to the closing level on March 1, to 110.02 rubles,” the report says.

Now the dollar is trading at 13.37 rubles higher than the current official rate, the euro - higher by 13.09 rubles.

At the opening of the session on the morning of March 2, the dollar and euro fell by 4.34 rubles (up to 96.89 rubles) and 4.94 rubles (up to 107.55 rubles), respectively. Both currencies were then higher than the official rate by 5.13 and 4.64 rubles, respectively.

However, on the news about the strengthening of Western sanctions and the introduction by the government of the Russian Federation of restrictions on the export of foreign currency abroad for individuals, the panicky mood of investors reappeared. Since March 2, by decree of President Vladimir Putin, citizens are prohibited from taking out more than 10 thousand dollars when leaving abroad.

Previously, when exporting a currency above this equivalent, it was simply subject to declaration.

The economic sanctions of the West, imposed in response to the actions of the Russian Federation in Ukraine, provoked an unprecedented weakening of the ruble and an unprecedented collapse in the stock market. The EU proposed to disconnect Russia from the SWIFT bank payment system. In a number of countries, an audit of the property of Russian oligarchs has begun with the aim of its further requisition.

After the introduction of sanctions against the Bank of Russia, branches of Sberbank in Europe announced a forced closure. The supply of aircraft, cars, spare parts to Russia has stopped, which has already led to the shutdown of a number of large enterprises. Analysts expect an increase in social tension in the Russian Federation due to a sharp drop in the standard of living of the population.

The EU has said that the “total economic and financial war” against Russia will not stop until Putin stops the military operation in Ukraine.

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