Ruble – Page 9 – THE OVAL CIRCLE

No quick bounce back: Russia’s real GDP to recover in mid-2022 but ruble to remain strong, Economy Ministry says

Posted on June 20, 2020June 20, 2020By Editor

Russia’s Ministry of Economic Development has released a fresh forecast for 2019-2022. The ministry said there will be no V-shaped recovery: after a five percent plunge in 2020, real GDP will only recover starting in mid-2022. … Read More >No quick bounce back: Russia’s real GDP to recover in mid-2022 but ruble to remain strong, Economy Ministry says

Russia

Moscow Exchange Index Falls 10%, Russia Trading System Index Loses 12.6% After Oil Prices Slump

Posted on March 10, 2020March 10, 2020By Editor

The day before, crude oil prices slumped by over 30 percent in the biggest fall since the 1991 Gulf War, after the OPEC+ alliance failed to agree on a deal to introduce new production cuts last week. … Read More >Moscow Exchange Index Falls 10%, Russia Trading System Index Loses 12.6% After Oil Prices Slump

Ruble strong, stocks surge after Russian government reshuffle

Posted on January 17, 2020January 17, 2020By Editor

The appointment of a new prime minister has boosted the Russian stock market to new record highs on Friday, with the national currency holding on to gains reached over the past 18 months. … Read More >Ruble strong, stocks surge after Russian government reshuffle

‘Beacon of Light’: Has the Ruble Become One of World’s ‘Most Lucrative Carry-Trade Currencies’?

Posted on December 22, 2019December 22, 2019By Editor

In late 2018, Finance Minister Anton Siluanov said that there is no reason to believe that the Russian ruble will be unstable in the upcoming year; his forecast has essentially come true. … Read More >‘Beacon of Light’: Has the Ruble Become One of World’s ‘Most Lucrative Carry-Trade Currencies’?

Business Russia

‘Our currency’s stable, why not use it?’ Russia looks to ditch US dollar for exchanges in rubles & euro in energy exports

Posted on October 14, 2019October 14, 2019By Editor

Russia is planning to abandon the US dollar in favor of euro and rubles for currency settlements in global energy transactions in order to minimize reliance on the American currency. … Read More >‘Our currency’s stable, why not use it?’ Russia looks to ditch US dollar for exchanges in rubles & euro in energy exports