The dollar/ruble parity exceeded the 100 level for the first time since March 23, 2022.
On the first trading day of the week, the ruble depreciated by about 0.81% against the dollar, while the dollar/ruble parity rose to the level of 100.
Thus, the dollar/ruble parity rose above the 100 level for the first time since March 23, 2022.
Experts point out that, in addition to the increase in imports, the rise in Russian citizens’ demand for foreign currency for holidays due to the summer season is effective in the depreciation of the ruble.
On August 9, the Central Bank of Russia decided to stop buying foreign currency in the domestic market until the end of the year “to reduce the fluctuations in the financial markets”.
Source: AA / Prepared by Irem Yildiz