The Russian ruble falls to the lowest level in its history

International

24-02-2022, 14:34

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Baghdad-INA

Financial markets responded quickly to Russia's military operations in Ukraine.

The Asian and Arab markets declined due to these operations, while Russia corrected the situation and announced the suspension of trading operations in its financial market after its index fell by more than 10%, but the Russian market soon declined by more than 30% with the return of trading.

The Russian ruble fell to its lowest level ever against the dollar and the euro on Thursday, amid volatile trading.

By 0720 GMT, the ruble was 8% weaker against the dollar at 87.55, and earlier hit a record low of 89.60. It lost 6.3% against the euro to trade at 97.51, recording 99.99 earlier.

The Russian Central Bank said today that it will "take measures to ensure the stability of the ruble and markets."