The Bank of Russia decided not to resume trading on the stock market on March 9.
The Russian ruble fell sharply against the dollar after the opening of local trading for the first time this week. The currency fell 7.8% to 113.9 per dollar compared to Friday's close, when the Moscow Exchange said it would temporarily suspend trading, reports the Chronicle.info with reference to RBC-Ukraine.
In offshore trading before the opening, the estimated spread between bid and offer was 7.4% of the ask price, which suggests that there may be few actual transactions.
The Russian ruble was quoted offshore at 130 rubles per dollar. The Russian currency is likely to continue to lose in the main trading, the agency notes.
In the cash market in Moscow, the dollar exchange rate reaches 200 rubles on sale.
The Bank of Russia from March 9 to September 9 allowed withdraw no more than 10 thousand dollars from foreign currency accounts and deposits. The Central Bank also introduces for this period a ban on the sale of cash by banks to residents of Russia.
In addition, the Bank of Russia decided on March 9 not to resume trading on the stock market.