Bank Of Baku

Exchange rate of USD falls to RR 58.5 in Moscow’s bourse

Exchange rate of USD falls to RR 58.5 in Moscow’s bourse
# 18 December 2014 10:44 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Exchange rate of USD fell 1.7 rubles to $$58.5 today.

 

Exchange rate of Euro against ruble also dropped 3.2 rubles to RR 71.9.

 

Along with this, Russian Central Bank defined exchange rate of USD at RR67.785 rubles, Euro at RR 84.589 for December 18.

 

Experts say the strengthening of ruble is caused by anti0-crisis measures taken by government and Central Bank. So, on December 16, Russian Central Bank increased discount rate 6.5%, from 10.5% to 17%. Thereafter, it allowed credit organizations to increase interest rate of credits for population. This will be valid till July 1, 2015. At the same time, interest rates on deposits also are increased (the interest rate on deposits n Russian ten banks makes 3.5%).

 

 

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