London, Monday, 23 May 2022
The ruble rose to its highest level versus the dollar in four years on Monday, owing to Moscow's efforts to support the currency.
The Russian currency gained momentum after falling as low as 150 to the dollar in early March following the start of the war in Ukraine, with the dollar/ruble exchange rate reaching 57.1 at roughly 12.30 GMT.
With the support of capital controls and other financial measures implemented by the Russian government, the ruble became the world's best-performing currency this year.
(Written and edited by: The Decision Maker)