Russian Ruble Included in Top 20 World Currencies

The Russian ruble occupied the 20th place with a share of 0.18 per cent in international settlements. Previously, the Russian national currency has already appeared in the rating in December 2016, also in the 20th place, RT reports.   

According to the rating, the most popular global currency is the US dollar with a 39.38 per cent share, followed by the euro (38.43 per cent). The third place was taken by the British pound sterling with 5.99 per cent share.

It is noted that the ruble’s share in Russia’s bilateral trade with China has seen a rise from 1 per cent in 2013 to 5.7 per cent in 2020. According to the Russian newly released 10-year financial market development strategy, Moscow is going to take steps that are expected to contribute to the boosting of the share of its national currency in settlements with international partners.

“Taking into account the relatively small current share of the ruble in international settlements, even a slight change in the indicators of more prominent currencies can significantly affect the place of the ruble in the rating,” the Investment Expert from BCS World of Investments, Dmitry Babin, noted.

Ru-Main, 15.09.2021 

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