Russian currency collapse

RUSSIA / FSU POLITICS - In Brief 19 Mar 2020 by Alex Teddy
The RUB lost value on March 19. The Russian Government's effort to halt depreciation has failed. The Central Bank sold foreign currencies in an effort to support the RUB. The Russian Stock Market is down 20% since the beginning of 2020. Aeroflot has fallen in capitalization value from USD 2.2 billion in mid February to USD 750 million on March 19. The RUB ended trading at 80.5 to the USD. This is the lowest since 2016. It has lost 32% of its value since the start of 2020.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.