Russians ditching dollars – central bank ...News

Russia Today - Economy
Russians ditching dollars – central bank
source : Russia Today ( News ) () 58
Around $450 million worth of foreign currency was converted into rubles last month, data shows The drop in the ruble exchange rate against major foreign currencies has prompted many Russians to sell off their dollar and euro holdings, the Bank of Russia said in its monthly financial risks review published this week. According to the regulator, after the Russian currency crossed 90 rubles to the dollar in early July, residents began to get rid of foreign currency, having sold $450 million worth during the month. Most of the sales occurred in the first half of July. Overall, the ruble lost 2.3% against the dollar la

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