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Russian rouble yet to trade, indicated sharply lower -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A vendor checks Russian rouble banknotes on a Omsk market, Russia. February 18, 2022. REUTERS/Alexey Malgavko

SYDNEY. (Reuters). The Russian rouble has yet to trade in Asia officially on Monday, but is quoted online at between 98.00-100.00 USD after Western nations announced new sanctions on Moscow.

On Friday the rouble stood at around 83.89. The dealers stated that liquidity was not available and nobody wanted to set a currency price. Therefore, all rates are indicative. The rouble was quoted on Reuters as 98.00 and EBS at 100.00.

An Australian bank trader said that this morning’s indicated range was between 86.05-100.00.

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