What happened to the ruble after the start of the military operation

The dollar and euro courses are growing rapidly against the backdrop of the Russian military operation in the Donbass. Russian exchanges suspended bidding.

The night before, the dollar reached 81 rubles, the euro exceeded the mark of 92 rubles, follows from the data of the Moscow Exchange. Soon after Putin’s appeal, in which he announced the beginning of a military operation in Ukraine, the dollar rate grew to 84 rubles, and the euro for the first time since December 2014 exceeded 95 rubles.

By 7:45, trading on the Moscow Exchange was suspended due to the fact that the ruble and the Russian stock market decreased to the borders established by the exchange. After 8 hours, trading was suspended on the St. Petersburg Exchange. “The exchange reports on the ban on filing applications and concluding agreements in all trading modes for all types of securities starting from 08:10 Moscow time,” the exchange said in a statement.

The dollar and euro to the ruble in the interbank market Forex jumped in the morning by 9-10 % and reached historical maximums of 90 rubles and 101 rubles, respectively, Bloomberg reports . These data are relevant at the time of writing the news.

By 9 in the morning, Sber was selling a dollar at 99 rubles, the euro - 124 rubles each. In the Tinkoff bank, the price is 86 and 97 rubles, respectively (the New Gazeta at 7:40 reported that Tinkoff stopped transferring money from ruble to dollar accounts), in Alfa-Bank -91 and 102 rubles, in Raiffeisenbank -91 and 105 rubles, at St. Petersburg , 100 and 110 rubles.

Update. The Central Bank announced the beginning of the intervention in the foreign exchange market "to stabilize the situation in the financial market." The regulator will expand the pawnshop list and today will conduct operations “for additional liquidity of the banking sector”. The Bank of Russia reported that they intend to maintain financial stability and continuity of operating activities of financial organizations.

At 10 in the morning, the Moscow Exchange resumed auction. The exchange announced a change in risk parameters in the foreign exchange market. Immediately after the opening of the auction, the dollar reached 88 rubles, breaking through the historical maximum, the euro approached 100 rubles.

Update 2. Mosbirzh again suspended trading shares about half an hour after their opening.

Currency intervention under Russian legislation is meant buying and sales by the Bank of Russia of foreign currency in the foreign exchange market to influence the ruble exchange rate and on the total demand and supply of money

What else to read:

• Follow what is happening in the broadcast of "Papers" .
• Putin announced the beginning of a military operation in the Donbass. Here is the decoding of his speech .
• What to do with alarm from news about the conflict of Ukraine and Russia? The psychologist tells .