Home / Economy / Russian Rouble Reached Historical Minimum

Russian Rouble Reached Historical Minimum

In Russia ruble reached a historic low. According to local media, on  the Moscow Stock Exchange US dollar value increased  by 50 kopecks  and was set at  56.94 rubles. Ruble fell against  the euro  as well – the official  rate   of euro increased by 68 kopecks  and reached 60.58 rubles.

Along with depreciation of the ruble, world prices of oil are  falling. As per today’s morning data, at the  ICE  Brent crude fell to $ 63.52 per  barrel while  WTI oil price dropped to $ 59.47.
According to Russian media, in the state Duma are thinking about replacing the ruble with another currency which should stop falling against the dollar and the Euro.