Russian President Vladimir Putin.Mikhail Svetlov/Getty Images Russia could loosen a key wartime capital control to stem the ruble's climb, Bloomberg reports. Russian exporters may be required to convert 50% of their hard-currency revenue to rubles, down from 80%. Today, the ruble is 30% stronger against the dollar than it was before Russia invaded Ukraine.
Russia's Ruble Is Having A Banner Year, But Moscow May Ease A Capital Control That Helped Make It The World's Top Currency Again
prosen@insider.com (Phil Rosen), Business Insider
Mon, 05/23/2022 - 6:19am
Topics: russian president vladimir putin mikhail svetlov/getty images today western moscow kremlin russia's vedomosti daily march 2018.russia russians 000.still june trade association emerging markets wm/refinitiv business insider russia russian ukraine bloomberg ruble year ease currency world's top capital control that helped controls dollar wartime climb bank loosen central convert reported stop exporters monday foreign revenue send invaded rate stronger requirement traders imposed
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