Historical Downfall: USD Value In Russia Reaches 100 Russian Rubles

The collapse happened tonight.

The Russian currency continues to fall and as of the night of August 12, one dollar was 100 rubles, which is a historical minimum for the ruble.

It is reported by RBC-Ukraine with a reference to the Google Finance statistics.

On the morning of August 11, the ruble reached a new anti-record. At the auctions of the Moscow Exchange, the dollar exchange rate was 98.38 rubles, but then the currency extended the fall to exactly 100 rubles. Euro at the time of the publication was 109.64 rubles.

Since the beginning of 2023, the dollar exchange rate in Russia has grown by more than 38%, while the euro has grown by 42%. According to Bloomberg, the Russian currency was among the three weakest currencies in the world along with the Turkish lira and the Argentine peso.