MOSCOW, May 12 – RIA Novosti. The Russian ruble became the world’s leading currency in terms of the degree of appreciation against the dollar in 2022, the agency said. Bloomberg.
Its exchange rate has risen 11 percent since early 2022, beating the Brazilian real, which added 9 percent to the dollar, the article reads.
The publications show that the Russian currency appreciated as a result of the authorities’ actions aimed at counteracting the sanctions. Therefore, in addition to imposing capital controls, the authorities required exporters to sell foreign currency.
