Russian ruble

Why does Russia need ruble to be stable?

Why does Russia need ruble to be stable?

The Russian government along with the Central Bank are preparing a joint strategy to tackle ruble long-term volatility, the First Deputy Prime Minister of Russia, Igor Shuvalov, told Bloomberg. "It is obvious …

Russian economy needs revolutionary reforms

Russian economy needs revolutionary reforms

Kudrin does well to make the case for change in geopolitical terms

Is ruble defeating dollar?

Is ruble defeating dollar?

The dollar exchange rate dropped today to 59.13 rubles during trading on the Moscow stock exchange. As for 14:30, according to the MICEX, the dollar was trading at a minimum of 58.95 rubles, but late increased a little. Thus, the ruble …

Ruble strengthens during New Year holidays

Ruble strengthens during New Year holidays

While Russia was celebrating the New Year, the Russian national currency has been steadily growing, partly ceased to be dependent on oil prices and the dollar due to the rise in the US Federal Reserve's rate. On January 3, the …

Ruble grows amid growing oil

Ruble grows amid growing oil

Oil prices, after falling the day before, began to recover gradually due to a thorough implementation of the agreement on the production cuts. Thus, the March futures for Brent crude oil on London's …

 Ruble stars 2017 with increase

Ruble stars 2017 with increase

There was a decline in the dollar and the euro exchange rates today on the Moscow stock exchange.

Dmitry Piskulov: Economists are optimistic about 2017

Dmitry Piskulov: "Economists are optimistic about 2017"

Chairman of the Board of the National Currency Association sums up the outgoing year

Nabiullina: dependence of ruble on oil prices declines

Nabiullina: dependence of ruble on oil prices declines

The Bank of Russia does not expect serious shocks on the Forex market in any economic development scenario, the Chairperson of the Russian Central Bank …

Russia#039s Economy Goes Out Of Recession

Russia's Economy Goes Out Of Recession

It can surprise next year by accelerating growth to 1.5%

Fed raises rates

Fed raises rates

Trump presidency, with its deficit and debt-funded high-growth ambitions, mights influence the Fed’s stance in future

Dollar exchange rate approaches 60 rubles

Dollar exchange rate approaches 60 rubles

There was a sharp decline in the dollar and the euro exchange rates today on the Moscow stock exchange. Dollar fell below 62 rubles for the first time since October and then updated its minimum of 2016, while the ruble rose against the …

Russia and Turkey ready to trade in national currencies

Russia and Turkey ready to trade in national currencies

Russia is ready to trade with Turkey in rubles and liras, Russian Central Bank reported today. "There are no legal and technical obstacles for residents of Russia and Turkey to trade in national currencies. There is no need to sign a …

Russia buys dollars

Russia buys dollars

In September and October 2016, Russians spent 5.4% of their income to purchase foreign currency, which is the highest indicator of currency purchases among population since December, 2014, according to data of the Federal State Statistics …

Turkey seeks trade in national currencies with Russia, China, Iran: Erdogan

Turkey seeks trade in national currencies with Russia, China, Iran: Erdogan

Turkey is seeking to conduct trade with Russia, China and Iran in national currencies, announced Turkish President Recep Tayyip Erdoğan on Saturday. Speaking at the opening ceremony of a shopping mall in Istanbul, Erdoğan said that he …

Russian Central Bank: ruble stabilizes

Russian Central Bank: ruble stabilizes

The volatility of the ruble has dropped significantly due to declining volatility of oil futures and returned to the level of the summer of 2014, the Bank of Russia reports. The regulator also noted that this month the market …

Market hungry for yield sees big upside in ruble bonds

Market hungry for yield sees big upside in ruble bonds

With low oil prices dragging down the Russian currency, and a US interest rate increase in the offing, experts are suggesting investors hang on to ruble bonds because of their high yield. Traders, borrowing dollars at close to zero percent …

Dollar exchange rate - 61

Dollar exchange rate - 61

The dollar exchange rate fell by 0.22% to 61.99 rubles during the trading session on the Moscow Stock Exchange. For the last time the US dollar exchange rate was below 62 rubles on 3 November, 2015. At the same time, the …

 Ruble sets new record in 2016

Ruble sets new record in 2016

As of 10:42 am (MSK), the dollar exchange rate was worth only 62.585 rubles at the morning trading session, and shortly before - 62.4375 rubles, which was a record for ruble this year. For the last …

Russia earns more from agriculture than arms sales

Russia earns more from agriculture than arms sales

One of the results of Russia's food embargo against the EU and a weaker ruble has been a remarkable boom in agriculture

Russian tourists#039 interest in Georgia, Armenia and Azerbaijan is growing

Russian tourists' interest in Georgia, Armenia and Azerbaijan is growing

The South Caucasus demonstrates the most balanced price-performance ratio

Is Russian Central Bank collapsing ruble by trillion?

Is Russian Central Bank collapsing ruble by trillion?

The Central Bank of Russia started its work towards increasing the supply of rubles in the money market, despite the decline in oil prices, which endangers the stability of the exchange rate. In particular, instead of deposit …

Russians have lost faith in ruble

Russians have lost faith in ruble

The Russian Central Bank published the results of a poll conducted by the inFOM company, according to which only 13% of Russians expect that the ruble will strengthen against the dollar within a year - a similar level of pessimism has …

Russian ruble strengthens in 2016 despite fall in oil prices

Russian ruble strengthens in 2016 despite fall in oil prices

Bloomberg notes in 2015 indicators of the national currency of Russia placed the currency among the low five currencies. At the moment the ruble is in third place. It has been facilitated largely by the fact that …

Ruble continues to fall

Ruble continues to fall

The ruble exchange rate continues to fall. As of 10:00 MSK, the dollar reached the the level of 66.9 rubles on the Moscow Stock Exchange, gaining 0.26 rubles. In turn, the euro rose to 74.98 rubles, increasing by 0.11 rubles. …

 Dollar exchange rate reaches 65 rubles

Dollar exchange rate reaches 65 rubles

The dollar broke the barrier of 65 rubles on the Moscow stock exchange today for the fist time since June 27. The dollar exchange rate was worth 65.0325 rubles, the euro was worth 71.3225 rubles. The prices of Brent oil fell …

Russian Central Bank promises to keep floating ruble rate

Russian Central Bank promises to keep floating ruble rate

The Bank of Russia does not plan to abandon the floating ruble rate and influence the rate level, the press service of the regulator said. "The floating rate is the built-in economic stabilizer that has proved its efficiency. The …

What helps to strengthen the ruble?

What helps to strengthen the ruble?

The strengthening of the ruble requires ‘fine tunings’ in relation to the export-oriented industries, the spokesman for the Russian president Vladimir Putin, Dmitry Peskov, said, commenting on the …

 Will Russia#039s GDP start to growth?

Will Russia's GDP start to growth?

The Russian Ministry of Economic Development expects Russia's GDP will start growing in the near future, the head of department Alexey Ulyukayev said. "The rates for end-use borrowers are being reduced, and the …

Brent price rises above $50

Brent price rises above $50

The prices of August futures for Brent oil have risen to $50.07 per dollar on the ICE Exchange in London, according to trading data. The exchange rate of the ruble grew today at the Moscow stock exchange by 1.14% to 64.1 rubles per …

 Brent oil rises above $52

Brent oil rises above $52

Today, Brent oil exceeded the psychological barrier of $52 per barrel for the first time since October 12, 2015. As of 13:01, prices for August futures for Brent oil rose by 1.13% to $52.02 per …