Why dollar and euro drop after MOEX ceases trading?

Maria Novoselova / Vestnik Kavkaza

The Bank of Russia set the official dollar rate at 82.6282 rubles for June 20, down 4.41 rubles against the previous indicator.

The official euro rate was lowered by 4.21 rubles to 89.0914 rubles. The official yuan rate is fixed at 11.1652 rubles, down 63 kopecks.

On June 13, trading in dollars and euros on the country’s leading financial marketplace, the Moscow Exchange was suspended.

The Russian Central Bank said that it would fix official dollar and euro rates against the ruble on the basis of reports of banks on results of transactions in the over-the-counter currency market. 

 

© Photo :Maria Novoselova / Vestnik Kavkaza
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