Bank of Russia sets dollar rate at 77.61 rubles for March 4
ArchivedVerified|4 articles|2 sources|1 blocks
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Reported Facts
Observable data points shared across all narratives
- •The Bank of Russia raised the dollar exchange rate to 77.61 rubles for March 4.
- •On March 5, the Bank of Russia further increased the dollar rate to 77.8 rubles.
- •Russia's money supply decreased by 53.1 billion rubles between February 20 and 27.
- •The Russian Finance Ministry stopped currency sales in March, influencing currency market dynamics.
- •The ruble weakened against the yuan on the Moscow Exchange following the halt in currency sales.
What Could Happen If...
- ▸If the Bank of Russia continues raising the dollar exchange rate the ruble could weaken further, increasing import costs and inflation pressures in Russia.
Market Exposure
CurrencyUSD/RUBIncreased Volatility
The Bank of Russia's adjustments to the official dollar rate and the Finance Ministry's currency sales halt create uncertainty in the ruble-dollar exchange rate.
This is not investment advice. Market exposure is based on conditional event analysis.
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Source Coverage
RU
4 articles
More coverage on this story
- Topic: US–China Economic Conflict
- More on Russian Federation
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Signals
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Primary Sources (4)
RUInterfax (RU)Денежная база в России снизилась с 20 по 27 февраля на 53,1 млрд рублейRUInterfax (RU)Рубль на "Мосбирже" дешевеет к юаню на отказе Минфина от продажи валюты в мартеRUTASS (EN)Bank of Russia raises dollar exchange rate to 77.8 rubles for March 5RUTASS (EN)Bank of Russia raises dollar rate to 77.61 rubles for March 4