Support The Moscow Times!

Belarus Ruble Slides 15%

MINSK — The Belarussian ruble tumbled 15 percent to a record low against the dollar on the interbank market as importers and companies boosted demand for foreign currency.

The currency slipped to 7,625 per dollar by 10:45 a.m. Wednesday in Minsk. That's almost three times weaker than the central bank's official dollar-ruble rate, set at 3,130 per dollar.

The ruble has sunk about 56 percent on the interbank market since April 19, when the central bank lifted restrictions that compelled banks and companies to keep within 2 percent of an official daily ruble rate.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.