Dive into the ruble exchange rate in the wake of harsh sanctions

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With a three-hour delay, at 10:00 local time (09:00 Cyprus time) the foreign exchange market will open in Moscow, while there will be no trading of foreign exchange resale agreements (Forex Repo) announced the Moscow Stock Exchange.
The announcement comes as the ruble plunged to historically low levels against almost all other currencies, in the new era of the sanctions against Russia over its recent invasion of Ukraine.
Meanwhile, in the first transactions in the international financial markets, the ruble fell by almost 27%, at a rate of 114.33: 1 against the US dollar.

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