World oil prices in March dropped by more than 30% caused the Russian ruble to fall against leading world currencies to a four-year low, Kommersant reports.
Thus, the exchange rate of ruble against dollar on the world market reached RUB 73.8 per 1 US dollar, and the euro exchange rate to RUB 84.
According to the publication, today, in the context of an increase in the sharp weakening of the ruble in the world market and falling oil prices, the Central Bank of Russia decided not to buy foreign currency in the domestic market as part of the implementation of the budget rule mechanism for 30 days.
As The Journalist reported, Oil price crash by most since 1991.
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