Mon, 8 September
32.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img