| The Kremlin wants to boost the ruble’s global role and make it a reserve currency, but advisers of the Russian parliament’s council on financial regulation and monetary policy says Russia is simply not ready. For a currency to become a global reserve unit, its country needs economic stability, predictable inflation, a developed financial and debt market and an international recognition of its external policy.
The International Monetary Fund projected in April that the global economy will expand by 3.6% this year but warned that low inflation is one of the key downside risks to the forecast. Russia is unlikely to suffer from low inflation this year as consumer prices are expected to add at least 6%, while economic growth is seen at around 0.5%...............................................Full Article: Source
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