Russian ruble

Investors flock to safe haven currencies including the US dollar and yen amid growing international isolation of Moscow.

The single currency lost 0.73 percent to 129.265 yen, and was 0.60 percent lower at 1.03665 Swiss franc. Investors flocked to safe-haven currencies, including the US dollar and yen, after Russian President Vladimir Putin put nuclear-armed forces on high alert on Sunday, the fourth day of the biggest assault on a European state since World War Two. The Russian rouble plummeted to a record low against the dollar on Monday amid an accelerating Western-led campaign to punish and isolate Moscow over its invasion of Ukraine.

Futures for the Russian ruble were declining more than 19% Monday after the country's central bank hiked interest rates in the face of tougher Western sanctions for Russia's invasion of Ukraine. The ruble's futures contract for March 2022 at last check ...

Futures for the Russian ruble were declining more than 19% Monday after the country’s central bank hiked interest rates in the face of tougher Western sanctions for Russia’s invasion of Ukraine. - Print Article - Order Reprints

A sharp fall in Russia's currency could cause inflation in the country to surge and strain its financial system.

People wary that sanctions would deal a crippling blow to the economy have been flocking to banks and ATMs for days, with reports in social media of long lines and machines running out of cash. Then came a further drop after a 1998 financial crisis in which many depositors lost savings and yet another plunge in 2014 due to falling oil prices and sanctions imposed after Russia seized Ukraine's Crimea peninsula. "With it now uncertain if Russia can even get their hands on their large stock of [foreign exchange] reserves (whatever the denomination), are sovereign bond holders going to get paid back?" Russians are still reliant on a multitude of imported goods and the prices for those items are likely to skyrocket. European officials said that at least half of it will be affected. The ruble recovered ground after Russia's central bank sharply raised its key interest rate Monday to shore up the currency and prevent a run on banks. The only way to stop it will be heavy subsidization." A sharp devaluation of the ruble would mean a drop in the standard of living for the average Russian, economists and analysts said. The system is used to move billions of dollars around more than 11,000 banks and other financial institutions around the world. The Ukraine crisis has caused turbulence in global financial markets. And the deeper economic turmoil will come in the coming weeks if price shocks and supply-chain issues cause Russian factories to shut down due to lower demand. Delegates from the two countries sat down Monday for their first direct negotiations since Russia launched its invasion five days earlier.

Russia's ruble has fallen by at least 20% today (Monday February 28) as financial sanctions hit hard – here's the latest ruble to pound, dollar and euro ...

As trading opens on Thursday March 10, £1 is worth approximately ₽159 as of 8.07am – with the pound to ruble exchange rate down slightly from earlier rates of ₽184 as the value of ₽1 on the pound fluctuates at around £0.0062. Meanwhile, the euro appears to have recovered somewhat from its own dip against the pound and dollar as a result of its own sanctions on Russia. The ruble was trading down by a further 20% in pre-market trading late on Sunday night (February 27) UK time and in the early hours of Monday in Europe, with the ruble crashing to its lowest value to date as markets opened on Monday. As trading opened on Monday morning, the ruble to pound value sharply dropped in line with the Russian currency's expected crash. Since late February, the value of 1 ruble has tumbled from £0.0090 on the pound to lows of £0.0055, with the ruble’s price similarly down on the US and Euro. The ruble began to fall as Russia invaded Ukraine on Thursday February 24, launching strikes by air, land and sea on the country in the early hours of Thursday morning.

Due to international sanctions against Russia, the ruble has tumbled in value—so far, in fact, it's now worth less than a Robux. That's really bad news for ...

If you account for that 30 percent cash-out fee, Robux and rubles are effectively worth the same on international markets as of right now. The many issues with the real-money equivalent Roblox marketplace, and its effect on millions of underage players, was documented by YouTube channel People Make Games in a startling investigation last August. At least a few players and developers earn the equivalent of a full-time income via the managed Roblox game publishing system. As Vice noticed, that technically means Robux are more valuable than rubles at the moment. After Russia began its invasion of Ukraine last week, the full front of international sanctions came into effect this weekend, slamming Russia's economic system. It's so popular that its virtual currency value, which can in fact be converted back into US dollars, is now worth approximately $.0125 USD, which is more than the Russian Federation's ruble.

Central bank lifts main rate to 20% after west moves to cut country off from global financial system.