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Ruble demonstrating best dynamics among all world currencies this year, says Putin

The President noted that the domestic demand in the country lagged behind last year’s level, while the amount of funds on corporate and private accounts continued falling

© Artyom Geodakyan/TASS

MOSCOW, May 12. /TASS/. The ruble has been demonstrating the best dynamics among all world currencies this year, Russian President Vladimir Putin said at a meeting on economic issues on Thursday.

"Amid the record trade balance surplus the national currency’s exchange rate is also strengthening. The ruble’s exchange rate has been demonstrating probably the best dynamics among all world currencies this year," he said.

Meanwhile, some economic trends in Russia call for special attention, the president noted, adding that domestic demand in the country lags behind last year’s level, while the amount of funds on corporate and private accounts continues falling.

"Those factors are obviously having a negative influence on the economic dynamics. Such risks should be reduced, particularly relying on our successful experience of targeted actions amid the pandemic in 2020-2021," Putin said.

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Russia's domestic policy

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