The Bank of Russia raised the official exchange rate of the US dollar against the ruble on December 16 to the level of ₽70.8295. This is the highest value since the devaluation of the ruble in 1998
As part of the official exchange rates set by the Central Bank on December 16, 2015, the dollar against the ruble reached its highest level since December 1997, Joinfo.ua reports with reference to Vesti.ru.
Former anti-record of the official exchange rate of the dollar-ruble pair was reached on August 25, 2015, when the Bank of Russia set the rate to ₽70.7465 a dollar.
The official exchange rates of foreign currencies against the ruble set by the Bank of Russia without obligation to buy or sell currency at a specified exchange rate.
In mid-December 2014 dollar reached 80 rubles/$ on the Moscow stock exchange.