Fall of ruble exchange rate: 75 rubles per dollar, 85 per euro

The course of the Russian ruble in relation to the main world currencies in the international currency market (Forex) on Monday fell sharply - after oil prices collapsed due to the failure of negotiations between Russia and OPEC.

As of 11.30 of Moscow time, March 9, the Forex rate was 74.8 rubles per dollar (during the trading course, the rate fell below 75 rubles) and 85.4 rubles per euro . We are talking about a fall by about 10 percent compared to the now rate established by the Bank of Russia (67.5 rubles per dollar and 75.8 rubles per euro).

The ruble exchange rate falls in the last few weeks in connection with the drop in oil prices, caused, among other things, the spread of coronavirus infection. However, such a sharp fall has not been since 2014.

In Russia on Monday - a day off, and bidding on the exchange in Moscow is not held. Therefore, the official ruble exchange rate remains the same that was established before the holidays. Bidding will open tomorrow.

The Bank of Russia on Monday, despite the weekend, has already promised to support the ruble to refuse to buy currency on the domestic market until April.