The U.S. dollar reached a new historic high during the trading on Thursday, March 10. The cost of American currency exceeded 121 rubles on the Moscow Interbank Currency Exchange. The euro is 127 rubles, while the new maximum in the pair was set yesterday.
The official rates of the Central Bank of Russia today are 116.0847 rubles per U.S. dollar and 126.4395 per unit of the European currency.
The fall of the national currency occurs against the background of the special operation of the Russian Armed Forces in Ukraine. The USA, the European Union and a number of countries unfriendly to Russia imposed an additional block of sanctions against the Russian economy, a number of Russian companies and banks, as well as officials, businessmen, and officials.
The leading global rating agencies downgraded both the sovereign rating of the Russian Federation to default and the ratings of the largest economic entities.
U.S. dollar exchange rate on the Moscow Exchange updated to a historical maximum. Photo: Stockinfocus archive
