6 Days
Source:
الاقتصادية
Ruble defies odds after wars
The Russian ruble has experienced a significant increase, returning to a level close to its nominal value in 2021 against the dollar, despite sanctions and the ongoing war. This is attributed to rising commodity prices, stringent central bank policies, the accumulation of capital inside Russia, and higher real interest rates. Although oil prices have declined, the ruble is expected to remain relatively strong due to factors such as rising interest rates and capital outflow restrictions. However, a return to the previous ranges imposed by government budgets is unlikely, which could increase financial pressures and weaken long-term economic competitiveness.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)