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Ruble hits lowest value against USD since early in Ukraine war

  • The Russian ruble dropped to its lowest level against the United States dollar since the beginning of the war in Ukraine, reaching 95 rubles per dollar in trading on Friday in Moscow.
  • This decline continued the consistent fall of the Russian currency throughout the year, with a drop of about 30% since the start of 2022.
  • Following Russia's military intervention in Ukraine, the ruble initially plunged to around 120 against the dollar but quickly recovered due to support measures by the Russian Central Bank.
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abc News broke the news in United States on Friday, August 4, 2023.
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