It’s no secret that the dollar has been outperforming relative to other currencies, as I wrote about here, when I felt the brunt of it while holidaying in Ecuador last week (who use the USD). The doll...
Tag: Ruble
Russian ruble continues to grid. What next?
The USD/RUB price is hovering near its lowest level in 2015 as the strength of the Russian ruble continued. The pair is trading at 53.60, which is about 65% below the highest level this year. It has f...
Bank of Russia Accelerates Schedule for Digital Ruble Project – Finance Bitcoin News
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of ...
Russia to Trial Digital Ruble Settlements for Real Estate Deals – Bitcoin News
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts ...
Ruble strengthens against the dollar
Ruble stronger than the dollar The Russian economy is the enemy to be put down and the sanctions imposed by a powerful part of the world (US, Europe, UK) are aimed at this purpose, nonetheless David (...
Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’ – Economics Bitcoin News
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On...
Ruble Soars to 7-Year High Prompting Debate Over Targeting Rate
(Bloomberg) — The ruble surged to a seven-year high, extending a rally that Russia wants to curb and sparking a debate in Moscow on whether the central bank should target an “optimal” exchange r...
U.S. dollar and Russian ruble trading at all-time highs as FX markets unmoved by inflation woes
As the broader financial markets worry about inflation and possible additional tightening, the U.S. dollar reached its highest level since November 2002. More specifically, the trade-weighted U.S. dol...
Kim Dotcom on the ‘Great Reset,’ Strong Russian Ruble Puzzles Economists, and More — Bitcoin.com News Week in Review – The Weekly Bitcoin News
This week, entrepreneur and activist Kim Dotcom said the “U.S. is beyond bankrupt,” and minced no words about a potential “controlled demolition of global markets.” Meanwhile, American economists are ...
The Russian ruble is crashing it
The Russian ruble is crushing it. The USD/RUB pair has been in a strong bearish trend in the past few months even as the crisis in Ukraine continues. It dropped to a low of 55.67, which was about 65% ...
The Ruble surprises the market with its performance
The reaction to Russian interference in Ukraine has cost and is still costing Moscow’s economic system a great deal. Ruble appreciation disrupts the market The ruble is starting to gain ground The ec...
American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency – Economics Bitcoin News
Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situ...
Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions – Finance Bitcoin News
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of...
Russian ruble surges on report some capital controls may ease up
The Russian ruble surged on Monday, following a report that the government plans to cut a key foreign exchange limit for exporters. The ruble RUBUSD, +1.83% surged 6.8% against the dollar on Monday, h...
Russia Loosens More Capital Controls as Ruble Extends Surge
(Bloomberg) — Russia eased a key capital control that’s underpinned the ruble’s recovery as the currency’s blistering rebound picked up pace Monday. Most Read from Bloomberg The share of foreign...
How Russia defended the ruble from Ukraine war sanctions — Quartz
The Russian ruble has emerged as the best-performing currency in 2022, despite wide-ranging sanctions imposed for its invasion of Ukraine. It is nearly 30% higher against the US dollar, as of May 23, ...
Ruble Hits 5-Year High as Gas Buyers Bend to Putin’s Will
(Bloomberg) — The ruble closed at the highest level in five years against the euro as more European companies appeared to be complying with Vladimir Putin’s demand that they switch to paying in ...
Russian ruble world’s best performing currency this year
I wrote this article last month examining the Russian ruble’s performance, which was highly unusual, and whether it could be a short opportunity going forward. Following a 40% plummet after the invasi...
Four European Gas Buyers Made Ruble Payments to Russia
(Bloomberg) — Four European gas buyers have already paid for supplies in rubles as President Vladimir Putin demanded, according to a person close to Russian gas giant Gazprom PJSC. Most Read fro...
The Bank of Russia Continues to Test Digital Ruble Payments. Could It Help Circumvent Western Sanctions?
Apr 26, 2022 at 12:38 // News The Bank of Russia is continuing to test the Digital Ruble payment system and plans to involve more banks into the program in 2023. Chairwoman of the Central Bank E...
Bank of Russia to Pilot Digital Ruble Settlements in 2023 – Finance Bitcoin News
Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the imp...
Russia plans to adopt the digital ruble for international settlements
Russia’s economy has been greatly affected by the economic sanctions imposed against the country by Western countries. Amid these sanctions, Russia wants to commence a pilot phase for the digital rubl...
Russia’s central bank to run real-world pilot of digital ruble in 2023: report
Russia is planning to run “pilot transactions” as early as next year using a digital ruble that could be used for international payments, according to a new report. Elvira Nabiullina, governor of the...
Digital Ruble Coming Next Year, Says Russian Central Bank Governor
Russia’s central bank said it plans on having a digital ruble prepared by next year, as part of the country’s effort to circumvent Western sanctions. Bank of Russia Governor Elvira Nabiullina told the...
Russia Plans to Use Digital Ruble for International Settlements
Russia’s central bank recently said that it is looking to begin a pilot for the digital ruble next year, with plans to use the central bank digital currency (CBDC) for international payments. Digital ...
Energy-Driven Ruble Rebound Won’t Rescue Russia
Russian President Vladimir Putin speaks during a meeting of the Russia the Land of Opportunity … [+] Supervisory Board at the Kremlin, in Moscow, Russia, Wednesday, April 20, 2022. (Mikhail Klim...
Why is the Russian Ruble booming, and could it be worth shorting ?
A friend sent me a message regarding a rather interesting investment opportunity the other day, which got me thinking: You know, it’s a funny one. Russia invade Ukraine and the world into levels econo...
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing – Finance Bitcoin News
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to ...