Ruble smashes four-year high against US dollar

May 20th 2022 4:51am EDT

The Russian currency strengthens ahead of upcoming tax payment The Russian ruble reached its strongest position against the US dollar in over four years and reached a seven-year high against the euro on Friday. The ruble is being propelled by recently introduced capital controls, Russia’s new ruble-based gas payment scheme and looming tax payments for […]

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