Open Demo Account
Home / Market Update / Forex Market / The Russian Ruble Falls to a Record Low
Russia
Russia

The Russian Ruble Falls to a Record Low

Adel 28 February, 2022 10:21 am Forex Market, Market Update

The Russian ruble fell by nearly 29% against the dollar on the morning of Monday, February 28, as markets assessed the impact of sanctions announced by the United States and European countries on Russia.

America and its allies announced that Russia was deprived of the use of the global banking system Swift, with the aim of tightening sanctions against it because of the military operation it is carrying out in Ukraine.

The ruble was trading as low as 119 rubles per dollar, at a time when the Russian-Ukrainian crisis shows no signs of abating.

Tags

Check Also

U.S. Economy’s Unexpected Surge: Defying Tariffs and Higher for Longer Interest Rates

The U.S. economy is proving to be far more resilient than initially thought. Recent data …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends