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 from Friday's close when the Moscow Exchange said it would temporarily suspend trading..

It is reported by Bloomberg.

In pre-open offshore trading, the estimated bid-ask spread was 7.4% of the ask price, suggesting 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 major trading, the agency notes.

On the cash market in Moscow, the dollar exchange rate reaches 200 rubles on sale.

From March 9 to September 9, the Bank of Russia allowed to 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 currency by banks to residents of Russia.

In addition, the Bank of Russia decided on March 9 not to resume trading on the stock market..