Hard days for ruble come - Russian currency goes on weakening

11:46 - 26.12.2019


December 26, Fineko/abc.az. The Russian ruble that has been in crisis for a long time is still failing. The national currency of Azerbaijan’s northern neighbor is currently going through the worst period. Thus, the Russian ruble has decreased significantly over the past 5 months.

ABC.AZ reports with reference to the foreign media that the ruble has fallen below 62 psychological limits at the Moscow Exchange for the first time since July to the present time. At 13.05 am on Moscow time it was recorded that 1 dollar is equal to 61.94 rubles. While international financial institutions estimate this period even more pessimistic for the Russian ruble, the support of tax funds helps the ruble to hold out.

The ruble began losing strength in relation to the euro as well. Experts don’t consider the future of the ruble satisfactory.

Author: Elmir Murad

 

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