Arya News - The Bank of America’s stunning admission that the Russian ruble is this year’s best performing currency may be the result of someone in that organization being “fed up with years of self-deluding, misrepresentative, and simply incorrect reporting about Russia economically,” financial analyst Paul Goncharoff tells Sputnik.
“I do not think there is a hidden agenda here, as the conclusions presented by Bank of America are on open-source financial data providers globally,” he suggests.Several factors contribute to the ruble’s impressive performance:A Win Against All OddsWhat makes the ruble’s performance especially impressive is the fact that the Russian currency does so well in the face of unprecedented sanction efforts to block Russia’s “socio-economic success.”“The development of Russia"s infrastructure from the Baltic to the Pacific has been non-stop, with roads, rails, ports, and even space making their mark,” notes Goncharoff.