The Central Bank of Russia Takes Steps to Prevent the Depreciation of the Ruble, which is at its lowest levels in history against the Dollar

While the Russian ruble, which lost 20% in one day against the dollar, is at its lowest levels in history, the Central Bank of Russia is taking steps to prevent the depreciation of the ruble.

Russiaof Ukraineyour attack on on the fourth day with the opening of foreign exchange markets dollar against 20% depreciating Russian ruble, lowest levels in history lives.

countries, Russia February 24 the country’s most widespread interbank payment system worldwide, after it started operations in Ukraine on SWIFT began to announce many serious sanctions, such as removal from the system.

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The country’s currency continues to depreciate as a result of sanctions. the Central Bank of Russia, in rubles one step after another to stop the depreciation It was not too late to throw. Central Bank as the first step February 28 in his statement on 9.5% the interest rate 20%He announced that he was going to.

As a second step, the bank Stockholders not residing in Russia cannot liquidate their assets. and de facto prohibiting foreign trade before the markets opened. announced. With this move, the bank will probably try to withdraw its assets from the sanctioned Russian economy.This made this idea of ​​foreign investors impossible.

The bank also Moscow Stock ExchangeAnnouncing that it will not open today Ministry of Finance of Russia with Selling 80 percent of their foreign exchange revenues to Russian companies. He said he ordered.

European Central Bank (ECB) According to a statement made by Russia’s state-owned of Sberbank It is said to have “failed or has a high probability of sinking”.

As a result of all these negativities in the ruble, many investors turned to crypto money markets. Bitcoin volume traded in Russian Rubles hits 9-month high reached.

At the time the news was written 1 dollar is from 97.15 Russian rubles, 1 euro is from 109.78 Russian rubles is being traded.