Russian ruble rises on the first working day of the new year

The Russian ruble started the first days of full trading in the new year on the rise, and rose from levels that are the lowest in 6 months, which it reached in volatile transactions in late 2022.

The ruble advanced 1.4% against the dollar on Monday, January 9, to reach 71.08. The Russian currency rose 0.2% against the euro to 76.01 and settled against the Chinese yuan to 10.44 in Moscow.

After long periods of last year the ruble was the best-performing currency in the world, in December it lost 17% after Western moves to cap the price of Russian oil and the European Union to ban Russian oil exports.