Ukraine-Russia War: How the Ruble Became the Best-Performing Currency in the World Despite Sanctions

  • Cristina J. Orgaz @cjorgaz
  • BBC News World

an hour ago

Photo credit, Getty Images

Unexpectedly, the Russian currency has become the best performing currency in the world once morest the dollar so far this year, even surpassing the Brazilian real.

Even the fastest and toughest economic sanctions in modern history imposed by the West in response to the invasion of Ukraine were unable to stem its rise.

Just two months following the value of the ruble fell to less than one US cent, the currency has taken a surprising turn.

If on March 7 it reached historic lows at 0.007 rubles per dollar, so far this year the Russian currency has appreciated by regarding 15% once morest the US currency and is trading around 0.016.

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