Kudrin expressed hope that the ruble will again become a convertible currency

The return of the free convertibility of the Russian ruble is necessary to increase its attractiveness for international payments, said the head of the Accounts Chamber Alexei Kudrin.

“Now we have, let’s say, suspended the convertibility of the Russian ruble. I hope that we will return to convertibility, and then our foreign policy should work to increase the prestige of the ruble for international settlements, ”Kudrin said during the Moscow Financial Forum (quote according to TASS).

He added that the Russian currency was convertible in 2006-2022, as well as in two other historical periods: with Witte’s gold ruble and Sokolnikov’s gold chervonets.

In April Kudrin declaredthat Russia will be able to conduct international settlements only with countries interested in this. According to him, the ruble has lost the status of a freely convertible currency. However, the ruble will gradually increase its role depending on the interest of other countries in mutual trade, the head of the Accounts Chamber considered.

“The ruble will gradually, step by step, increase its role – slowly, step by step, as the countries’ interest in mutual trade grows,” he said.

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