© Reuters. In the wake of the ongoing Ukraine war and subsequent sanctions, Russia’s adoption of the could potentially undermine long-term dollar dominance, according to Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development (EBRD). This shift is primarily attributed to the diversification of invoicing currencies. The statement was made on Wednesday,
© Reuters. A view shows U.S. one-dollar and Russian 100-rouble banknotes in this illustration picture taken August 14, 2023. REUTERS/Shamil Zhumatov/Illustration MOSCOW (Reuters) -The rouble gave up early gains on Tuesday in volatile trade after the central bank hiked rates by 350 basis points to 12%, a move that was baked into market expectations after
© Reuters. FILE PHOTO: Russian rouble and U.S. dollar banknotes are seen in this illustration photo taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo The Russian rouble fell past the psychologically key 100 per U.S. dollar threshold for the first time since March last year on Monday. President Vladimir Putin’s economic advisor said Russia was interested
