Image by Юрий Калашнов
With the appointment of a new prime minister and the lessening effects of sanctions against a stubborn Russian Federation, the Russian currency, the ruble, continues a steady strengthening against world reserve currencies, including the US dollar.
As of market close today the currency pair traded at USD/RUB close: 61.54709.
At its low, the ruble traded at approximately 80 to the USD after the negative events of 2014.
A weak currency is not necessarily a problem for the Kremlin as Russia sells its oil in dollars and a weak ruble provide lots of domestic currency for the federal budget.
- Russian Parliament To Install Mikhail Mishustin As Prime Minister
- The ‘Iranian Missile Attacks’ Were A Deep State Operation Aided By Western Corrupt Media
