The dollar exchange rate dropped below 70 rubles for the first time in three years. Because of this, the Russian economy could lose up to 100 billion a month
The dollar exchange rate on the morning of May 20 reached a minimum of 69.92 rubles, but by noon the currency had partially recovered the fall and consolidated above 70, Frank Media writes , citing data from the interbank market. The last time the dollar was worth less than 70 rubles was in December 2023. At the same time, on the over-the-counter market the dollar fell to 70.71, exceeding the value threshold to 70 rubles.