From the first second of exchanges, it was necessary to provide 90 rubles to obtain a dollar on Monday morning, once morest 83.5 at the last official rate on Wednesday, before the invasion of Ukraine.
The ruble on Monday broke historic records of weakness once morest the dollar and the euro on the Moscow Stock Exchange, due to sanctions imposed due to the Russian invasion of Ukraine.
From the first second of exchanges, it was necessary to provide 90 rubles to obtain a dollar on Monday morning, once morest 83.5 at the last official rate on Wednesday, before the invasion of Ukraine. Against the euro, the exchange rate fell from 93.5 to 101.19 rubles.
These were the caps set, forcing a pause in trading. On resumption, following regarding fifty minutes, the fall continued. The greenback was trading at 95.48 for 1 dollar and 107.35 for the euro.
To defend the economy and the national currency once morest Western sanctions, the Central Bank of Russia had raised its key rate from 9.5 to 20% on Monday morning.
The Moscow Stock Exchange indicated before its opening that ceilings had been set – 90 rubles for one dollar and 101.19 rubles for one euro – beyond which trading would stop, a limit reached in the first seconds of the session.
