ArmInfo. Positive sentiment regarding a potential swift resolution of the Ukrainian crisis, the freezing of the Russian- Ukrainian conflict, and the ensuing negotiations play a significant role in strengthening the ruble. A similar opinion was expressed by Martin Galstyan, the Chairman of the Central Bank of Armenia, during a press conference on March 18.
He emphasized that this sentiment is dominant among market players. Referring to the expected telephone conversation between the Presidents of the United States and Russia, Galstyan noted: "In anticipation of this, certain expectations have formed, which have a positive impact on the value of Russian assets."
It should be noted that this year, on the retail currency market of Armenia, the dram weakened against the Russian ruble from January to March 18 from AMD 3.7 to AMD 4.74/1RUB on average. But the ruble has strengthened especially strongly in the last two days.
