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Russia's ruble becomes the world’s best-performing currency, up 40% against the dollar
The ruble has jumped nearly 40% against the U.S. dollar this year, making it the best-performing currency in the world so far in 2025, according to Bank of America. On Tuesday, the Central Bank of ...
Since early December, the Russian ruble has continued to strengthen against global currencies: on Dec. 7, it reached a value of only 76 rubles for one U.S. dollar, a figure unseen since May 2023. It ...
The rise of the Russian ruble has less to do with a rise in confidence in the currency and more with the Central Bank of Russia’s economic maneuvers and the establishment of capital controls amid the ...
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