According to the data, the dollar rate fell below 80 rubles for the first time since February 23 this year, while the euro rate fell below 86 rubles for the first time since February 18. Moscow Stock Exchange.
Thus, as of 18.48 Moscow time, the dollar rate fell to 79.5 rubles, as at 18.50 Moscow time the minimum euro exchange rate was 85.59 rubles.
Dollar and euro rates began to decline after Russian President Vladimir Putin on March 23 instructed the government to hand over all gas supply contracts to Gazprom in rubles as soon as possible, and instructed the Central Bank and Ministry of Finance to determine this. The procedure for buyers of Russian gas to acquire rubles in the domestic market within a week.
Petersburg State University, Faculty of Economics, Department of Credit Theory and Financial Management Former Associate Professor Alexander Kazansky saidIt shows that the current exchange rates of the ruble against the dollar and the euro show a sharp transition to a new economic reality and there is a prospect of further development.