Russia’s central bank raises interest rates to combat ruble decline
Russia's Central Bank (RCB) has increased its interest rate by 350 basis points to 12%, marking its highest level since...
August 15, 2023Topic
Russian ruble
Russian currency down, breaks through milestone of 100 rubles against the dollar
In Moscow's stock exchange, the Russian currency surpassed the symbolic threshold of 100 rubles to the dollar, despite the Central...
August 14, 2023
Gold-backed crypto coins have been issued in Russia
The largest bank in Russia, Sber Bank, just announced that it has issued gold-backed digital assets on its own blockchain.
January 2, 2023
Russia and Iran rely on rial and ruble, ‘weaponized’ dollar to lose importance
As reported by the Iranian state news agency IRNA, the Islamic Republic of Iran and the Russian Federation not only...
July 21, 2022
Ruble is year’s best-performing currency surpasses Brazil’s real
Russia's economy is coping better with Ukraine-related Western sanctions than could be expected, JPMorgan Chase said in a note to...
May 17, 2022
The golden ruble – Russia’s currency has already more than recovered from the sanctions imposed by the USA and its followers
The Russian ruble has completely recovered from the drop suffered from the sanctions imposed by the United States and its...
April 9, 2022
Opinion: Gold peg of the Russian ruble and the consequences for dollar dominance
Gold has played a crucial role in monetary history for centuries. This is still the case today, even though there...
March 30, 2022
Dollar drops to its lowest in 5 months; Brazilian real stands out worldwide
The spot dollar closed Monday down 0.43% at R$5.2186, its lowest since September 6 last year (R$5.1764). Dollar drops
February 15, 2022
Analysis: Monetary policy to dictate winners among emerging market currencies
Currencies such as the Mexico's peso, the Brazilian real, and Hungary's forint stand out amid interest rate hikes by Central...
June 28, 2021