The dollar exchange rate on the international Forex currency market rose to 105.2 rubles. The American currency reached this level for the first time since 2022.
The Russian ruble has fallen to its minimum. Its rate is 110 rubles per dollar and 115 rubles per euro. This decline occurred against the backdrop of sanctions against Russian banks and a reduction in exports.
This was reported by the Center for Countering Disinformation.
As of November 26, the Russian Central Bank set the official dollar exchange rate above 103 rubles for the first time since March 2022.
Financial expert and famous blogger Sergei Fursa compared the situation with the ruble in the Russian Federation with its weapons.
“The Russians threw such a hysteria inside the country regarding Oreshnik, the new pride and the subject of thousands of orgasms, that it also affected the ruble. He imagined himself as a rocket and flew away…” – wrote financial expert Sergei Fursa.
Earlier, in October 2024, the Central Bank raised the key rate to its highest level in 20 years, and it was 21%.
“Let's see what happens next. In fact, the Russian Kommersant writes that businesses are already setting 115-120 rubles per dollar. In fact, this process has been going on for the past few months. And it demonstrates how difficult it is to solve two problems at the same time: to finance the budget deficit, because the fall in the ruble exchange rate helps to finance the budget deficit, but on the other hand, they need to fight inflation, and the devaluation of the ruble just stimulates high inflation. And now, having chosen between financing the war and worsening the standard of living of Russians, they again chose to worsen the standard of living of Russians… They are forced to devalue the ruble to finance the budget deficit,” said Sergei Fursa.
Recall that strategic communications specialist in business, public administration and politics Yuri Bogdanov noted earlier that in The Central Bank of Russia is talking about the economy overheating, but in reality this could happen in 1.5 years.