Ruble among world's top 5 most profitable assets

Bloomberg: The Russian ruble has become the world's strongest currency and one of the most profitable assets. This is due to a number of steps by the Ministry of Economy, as well as sanctions.

The Russian ruble has become the world's strongest currency this year. According to Bloomberg, the Russian currency is among the top 5 most profitable assets, along with precious metals – platinum, palladium, silver, and gold.

According to the publication's experts, the most important reason for the ruble's rise was the decline in demand for foreign currency in Russia amid restrictions. The high key interest rate, which increased the popularity of ruble assets, also played a role. Currency interventions were no less significant.