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6/12/2025, 5:56:22 PM
>>507093364
> RUSSIAN RUBLE: THE CURIOUS CASE OF THE WORLD'S BEST-PERFORMING CURRENCY THIS YEAR
> The Russian ruble has staged a stunning rally in 2025, emerging as the world’s top-performing currency so far this year.
> RUB is the world’s best-performing currency so far this year, according to Bank of America, with gains of over 40%. The ruble’s stunning rally in 2025 marks a sharp reversal from the past two years when the currency had depreciated dramatically.
> The strength in the ruble has less to do with a sudden jump in foreign investors’ confidence than with capital controls and policy tightening, market watchers told CNBC. The weakness in the dollar comes as an added bonus.
> Russia’s central bank has maintained a restrictive stance to curtail high inflation, keeping domestic interest rates high at 20% and tightening credit. The steep borrowing costs are deterring local businesses from importing goods, in turn reducing demand for foreign currency among Russian businesses and consumers, said industry watchers.
> Further, hopes for a peace deal between Ukraine and Russia following the election of U.S. President Donald Trump had also sparked some optimism, said Wells Fargo’s McKenna. Expectations of Russia’s reintegration into the economy had prompted some capital flows back into ruble-denominated assets, in spite of the capital controls, which have supported the currency’s strength to some extent.
bling bling
https://archive.md/irUMy
> RUSSIAN RUBLE: THE CURIOUS CASE OF THE WORLD'S BEST-PERFORMING CURRENCY THIS YEAR
> The Russian ruble has staged a stunning rally in 2025, emerging as the world’s top-performing currency so far this year.
> RUB is the world’s best-performing currency so far this year, according to Bank of America, with gains of over 40%. The ruble’s stunning rally in 2025 marks a sharp reversal from the past two years when the currency had depreciated dramatically.
> The strength in the ruble has less to do with a sudden jump in foreign investors’ confidence than with capital controls and policy tightening, market watchers told CNBC. The weakness in the dollar comes as an added bonus.
> Russia’s central bank has maintained a restrictive stance to curtail high inflation, keeping domestic interest rates high at 20% and tightening credit. The steep borrowing costs are deterring local businesses from importing goods, in turn reducing demand for foreign currency among Russian businesses and consumers, said industry watchers.
> Further, hopes for a peace deal between Ukraine and Russia following the election of U.S. President Donald Trump had also sparked some optimism, said Wells Fargo’s McKenna. Expectations of Russia’s reintegration into the economy had prompted some capital flows back into ruble-denominated assets, in spite of the capital controls, which have supported the currency’s strength to some extent.
bling bling
https://archive.md/irUMy
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