Fri, 25 July
27.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Russian ruble in Yerevan exchange offices shows unprecedented fall

YEREVAN, January 19. /ARKA/. Russia’s ruble in Armenia’s exchange offices continues its downward motion.

In some of them the Russian national currency plunged to the record low – below 6 drams per one ruble.

One ruble is bought at 6.1 drams, on average, and sold at 6.5 to 6.17 drams.

According to the Central Bank of Armenia, the official exchange rate shed 0.12 percentage points, compared with the previous indicator, to 6.17 drams per one ruble on Tuesday.

The ruble has lost more than 6.2% against the Armenian dram since the beginning of this year.

The Russian currency is going down not only against the Armenian dram, but also against the key world currencies amid the falling world oil prices.

The fall in oil prices that began in 2014 devaluated Russia’s currency by more than 50%. The US dollar crossed the line of 40 rubles per one dollar in October 2014 and now continues hitting historical records – in December it crossed the line of 80 rubles, and after a period of stability ensured by the regulative policy that kept the exchange rate at around $1=RUR 65, the ruble plummeted again because oil prices sank below 30 dollars per one barrel. Today one dollar is traded at 78 rubles. –0—

spot_img

POPULAR

US dollar rises slightly against Armenian dram, euro and ruble fall

The average market exchange rate of the US dollar against the Armenian dram as of July 17, 2025, rose by 0.16 points compared to July 16 and amounted to 384.12 drams.

Annual meeting of BSTDB Board of Governors to be held in Yerevan

The President of the Black Sea Trade and Development Bank (BSTDB) Serhat Köksal expressed his gratitude for hosting the annual meeting of the BSTDB Board of Governors in Yerevan during a meeting with Armenian Prime Minister Nikol Pashinyan on Tuesday.

Euro falls by 2.8 points against Armenian dram, meanwhile, US dollar and ruble decline slightly

As of July 16, 2025, the average market exchange rate of the U.S. dollar against the Armenian dram fell by 0.16 points compared to July 15, amounting to 383.96 drams.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

LATEST NEWS

spot_imgspot_imgspot_img