World Economy

Ruble Affected by Oil Price

Ruble Affected by Oil PriceRuble Affected by Oil Price

The head of Russia’s Central Bank, Elvira Nabiullina, says the Russian currency will probably strengthen after the trend of falling oil prices ends, RT reported. The currency rate is affected by the oil price and increasing capital outflow, she told Channel 1 TV, but added that “such factors work over a limited period of time.”