“Our Russian currency was convertible from 2006 to 2022, now we have suspended, in fact, the convertibility of the Russian ruble ... It is very difficult to become an attractive currency for settlements without being convertible, but it’s even better if the currency is a reserve one,” he said.
Kudrin recalled that there are only 22 convertible currencies in the world, and even fewer reserve ones.
“I hope that we will return to convertibility, then our foreign policy should work to increase the prestige of the ruble for international settlements,” Prime quoted him as saying.
Earlier, the head of the Central Bank of Russia, Elvira Nabiullina, said that the financial sector has learned to withstand the test, now it is necessary to learn how to finance the restructuring of the economy.