As of Monday, one dollar bought about 39.4 rubles, and according to Bloomberg’s Vladimir Kuznetsov, the Russian central bank is close to stepping in.

Kuznetsov reported that, “The ruble fell 0.8 percent to 44.2450 versus the central bank’s target basket of dollars and euros… That’s within 0.4 percent of the 44.40 threshold that would prompt the monetary authority to begin buying rubles according to its policy guidelines.”