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The ruble was the currency of the Russian Empire and of the Soviet Union (as the Soviet ruble). In 1992, the currency imagery underwent a redesign as a result of the fall of the Soviet Union. The first Russian ruble (code: RUR) replaced the Soviet ruble (code: SUR) in September 1993 at par.
In the weeks following 17 August, one US dollar went from being worth 6.43 rubles to being worth over 21 rubles. The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt.
Russia's ruble sank to its lowest level in a year against the US dollar and China's yuan this week. The ruble fell to around 97 against the dollar on Thursday, its lowest level against the ...
The MOEX Russia Index (Russian: Индекс МосБиржи), formerly the MICEX Index, is the main ruble -denominated benchmark of the Russian stock market. [1] It was established by the Moscow Interbank Currency Exchange (MICEX) on 22 September 1997. [2] MICEX merged with the Russian Trading System to form Moscow Exchange (MOEX) in 2011 and ...
The ruble hit a 17-month low against the dollar Monday, highlighting the growing squeeze on Russia’s economy from Western sanctions and a slump in export revenues.
The ruble that Elvira Nabiullina manages crashed through the psychological support of 100 to the U.S. dollar and on Monday is now worth less than a penny, the first time since March 23 of last year.
During the month of March, the ruble gradually recovered back to its pre-war value of ~80 Rubles per dollar, partially due to increased gas and oil demand from Western companies, as they feared a potential ban on Russian resources, [249] as well as various economic measures designed to prop up the currency.
The ruble trouble started shortly after Russia invaded Ukraine last February, which prompting a slew of Western sanctions ultimately resulting in an all-time low of 120 rubles against the U.S ...