Russian Interest Rate up to 12%.

Russia Increases their Interest Rate.

Russia’s central bank on 15 August 2023, hiked interest rates by 350 basis points from 8.5% to 12% at an emergency meeting, as Moscow faces a rapid depreciation of the country’s currency.

  • In August 2023 the Russian Ruble hit 100 rubles to buy a US dollar.
  • It was 75 rubles to buy a US dollar before the 2022 invasion of Ukraine.
  • It was around 34 rubles to buy a US dollar before the 2014 invasion of Ukraine.

Russian Ruble drops to  100.

33.1 - 821,167
Scroll down for Comments
0 0 votes
Article Rating
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x