Is the ruble a hard or soft currency?
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This entry was posted on Monday, May 26th, 2008 at 7:55 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
May 26th, 2008 at 7:55 am
Soft. Hard currency is usually reserved for developed countries with very stable economies. Though Russia is doing well right now financially, it is still considered and Emerging Market. Therefore the ruble, Russia's national currency is a soft currency. That said, there is really no definitive list of what is hard and what is soft.