The dollar exchange rate at the Moscow Exchange fell below 110 rubles

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The dollar exchange rate at the Moscow Exchange fell below 110 rubles
The dollar exchange rate at the Moscow Exchange fell below 110 rubles
16 March, 11:55EconomyPhoto: 1MI
At the opening of trading on the Moscow Exchange, the dollar fell to 108.3 rubles. Thus, the ruble won back 1.8 points. The euro exchange rate also fell, but less noticeably - to 118 rubles. (-0.5 rubles).

At the same time, the Central Bank of the Russian Federation set the dollar exchange rate at the level of 111.48 rubles for today, the euro exchange rate at 122.45 rubles.

“The ban on the sale of cash currency by banks, introduced due to Western sanctions, quickly led to the emergence of a shadow foreign exchange market in Russia”, - Kommersant reports.

Sanctions against Russia were introduced due to the recognition of the DPR and LPR, as well as due to the ongoing special operation of the Russian Federation to protect the Donbass in Ukraine. The restrictions affected various sectors of the economy, individual companies, as well as entrepreneurs and officials. One of the restrictions was the freezing of assets of the Central Bank of the Russian Federation by the European Union. All this led to the collapse of the ruble and the destabilization of the economies. The Russian government is taking steps to normalize the situation.

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