Russian Rouble Drops a Further 8 Percent This Week in Moscow

Russian Rouble Drops a Further 8 Percent This Week in Moscow
Russian rouble coins are seen in a photo illustration on March 25, 2021. Maxim Shemetov/Reuters
Reuters
Updated:

The Russian rouble edged up against the dollar in thin on- and offshore trading on Friday, but ended a third week of hefty losses, with the central bank now further restricting access to foreign currency.

The rouble has lost a third of its value in Moscow exchanges since Russia invaded Ukraine last month, as the local economy buckles under the pressure of sanctions imposed across the world in retaliation for the invasion.