“The Russian central bank has placed the ruble in an artificial coma”, advance the Wall Street Journal. And this is rather a good thing for the Russian currency, which “is still experiencing strong fluctuations”, but who “has reduced its considerable losses and started to stabilize”. It now trades at “99 rubles for a dollar, which is about 17% less than before the invasion of Ukraine”, February 24, “but more than at its lowest level”, reached on March 7, at 151 rubles.
If the rise in the price of a currency is a sign of an improvement in the economic prospects of a country, “this is not the case in Russia”, however, tempers the American economic daily. What slowed down the fall of the ruble were “the measures taken by the central bank to limit sales and force purchases of rubles”.
Limit losses
To cope with the sanctions that followed the invasion of