Yesterday, Monday, the Russian ruble fell to the lowest levels it reached a few weeks after the military intervention in Ukraine, amid growing concerns about the situation in Moscow after the recent internal political turmoil.

And by 10:45 am, the ruble fell 0.6% against the dollar to 85.10, and fell 1.4% to 92.20 against the euro.

At that hour, the Russian ruble recorded the lowest level since March 2022, against the dollar and the euro.

The decline of the Russian currency at that hour of today's trading comes with the increasing fears of investors in global markets about the end of the crisis of internal turmoil in Russia.

Yesterday, Sunday, the Wagner Military Group forces continued their withdrawal from southern Russia and returned to their camps after they stopped their advance to Moscow under an agreement brokered by Belarusian President Alexander Lukashenko, while the authorities began to lift security restrictions while the Kremlin worked to erase the effects of the short rebellion that raised fears of a civil war in Russia. .

And the Russian Interfax agency confirmed that the departure came under the agreement brokered by the Belarusian president, which stipulated an end to the rebellion in return for security guarantees for the commander of Wagner and his fighters. The guarantees included dropping charges of rebellion against Prigozhin and members of his group, and allowing Wagner's leader to take refuge in Belarus.

The Kremlin confirmed that Russian President Vladimir Putin agreed to mediation by the Belarusian president, which put an end to a rebellion that posed the biggest challenge to Putin since he came to power in 1999.

It is noteworthy that the drop witnessed by the ruble at that hour today, Monday, comes after websites and electronic applications indicated that major Russian banks raised the price of foreign currencies against the ruble.

The highest rate was offered by Rosbank, a dollar could be bought in its offices for 105 rubles, a euro - for 115 rubles, a dollar could be sold for 76.17 rubles, and a euro for 82.97 rubles.

The lowest rate was offered by Promsvyazbank, and you had to pay 84.87 rubles for a dollar and 93.06 rubles for a euro.

It is noteworthy that the Russian ruble currency has become the worst currency in terms of performance among emerging markets globally, since the beginning of the year until now, after losing 13% of its value against the American currency.