On February 20, local time on February 20, the Russian Central Bank announced the official exchange rate of the ruble against the US dollar. On February 21, the official exchange rate was 88.51 rubles per US dollar, which rose above 90 for the first time since September last year. Since June 13, 2024, affected by sanctions, the Moscow Exchange announced that it would no longer use the US dollar and the euro for foreign exchange and precious metals transactions.
Russian stocks, US stocks and the rouble all rose, and betting on a ceasefire by the end of the year has also increased. Click to view...
Russians are buying a large amount of gold in rubles, equivalent to a quarter of the country's annual production. Click to view...
Russia has previously announced that it has advanced legislation to set the issuance date of the digital ruble as July 1, 2025, but representatives of Sberbank have called for a delay in the issuance of the digital ruble because the relevant central bank digital currency (CBDC) platform is still under development. It is reported that Sberbank's deposit market share accounts for about 45% of the entire Russia. If the bank is not ready, it may affect the issuance of the digital ruble.
The Russian court fined Apple (AAPL. O) 3.60 million rubles.