Prospects of the ruble as a world currency

The article discusses the possibility of the Russian ruble becoming a world currency, as well as the conditions necessary for the ruble to have the properties of a world currency. The relevance of the topic has arisen and worsened due to the fact that the Russian Federation has been dependent on sanctions since 2014, and in February 2022, Western sanctions intensified and reached a record level in history. The article presents the authors’ reasoned answer to the question: is there a risk that the Bank of Russia holds reserves in currencies whose issuers are waging an economic war with Russia? The main signs of recognition of the world currency are listed. The authors also present an assessment of Russia’s gold and foreign exchange reserves. The reasons for the gradual weakening of the dollar in the world currency market are revealed. The actual and estimated level of mandatory reserves according to the IMF methods are estimated. The distribution of reserves of the Bank of Russia by levels of long-term credit risk is given. The values of long-term creditworthiness ratings and risk coefficients for calculating capital adequacy, as well as long-term creditworthiness ratings and speculative ratings are determined. Geographical distribution of gold and foreign exchange reserves of the Bank of Russia has been carried out.