Dollar rises above 80 rubles for first time since spring
The US dollar has risen to its highest level against the ruble since April, trading near 80 rubles.
The US dollar has risen to its highest level against the ruble since April, trading near 80 rubles.
US President Donald Trump has said NATO is spending too much, pointing out that Washington has allocated $999 billion to the Alliance since 2014.
Contrary to many expectations, the ruble has been trading within an established range of 75-85 rubles per U.S. dollar, Director of the Monetary Policy Department at the Bank of Russia Andrey Gangan said during the Bank of Russia's Financial Congress.
A trend toward a declining share of the dollar as a global reserve currency is becoming increasingly evident, Russian Presidential Spokesman Dmitry Peskov said at the 12th Primakov Readings international academic and expert forum.
The dollar exchange rate was set at 72.74 rubles on June 18 by the Central Bank, which also increased the euro rate.
Russia's Central Bank has set the official dollar rate at 70.95 rubles for May 21, 2026.
The weakening of the US dollar has had little effect on the cost of foreign holidays, with discounts on Turkish resorts in June not exceeding 10%.
The dollar exchange rate fell to its lowest in Russia since February 2023, slipping to around 70 rubles per dollar.
The dollar exchange rate fell sharply on 13 May, dropping below 73 rubles to 72.975 - its lowest level in three years.
The Iranian rial fell to a record low during trading on Sunday. This is happening amid the military conflict and sanctions against Tehran.
The dollar exchange rate on Forex has dived below 76 rubles, according to ICE (a composite index of several forex brokers).
The dollar fell, while the euro and yen rallied on Wednesday after U.S. President Donald Trump agreed to a two-week ceasefire with Iran.
Global markets have experienced sharp moves this year, with gold surging then seeing its biggest decline in four decades.
The dollar and euro exchange rates on the Russian interbank market soared this morning, with the dollar surpassing 81 rubles and the euro rising above 95 rubles.
BRICS member states don’t oppose the use of the U.S. dollar in global trade but believe it is important to develop alternative mechanisms for international settlements, international affairs advisor to the South American nation’s president Celso Amorim said.
The euro exchange rate in the Russian interbank market has surpassed 100 rubles for the first time since February 12, 2025, according to trade data.
Chief Executive Officer of Russian Direct Investment Fund (RDIF), special presidential envoy for economic cooperation with foreign countries Kirill Dmitriev believes that the threat to the U.S. dollar comes not from BRICS countries, but from those who advocate weaponization of sanctions, such as former U.S. President Joe Biden.
The US currency continues its upward trend for the second consecutive day. The day before, it rose above 80 rubles for the first time in a month and a half, while today it exceeded 82 rubles.
The U.S. dollar is showing a 1.21% increase on the Russian interbank market, climbing above 80 rubles, according to data from the Finam trading platform.
The European and Chinese currencies also rose