Russian governor seen dissuading private sector from large dollar holdings

Elvira Nabiullina

Russia's central bank governor and prime minister have reportedly contacted major exporters and banks to urge them against building up large stocks of dollars.

Dmitry Medvedev, the prime minister, told local news sources on August 21 that he and Elvira Nabiullina, the Bank of Russia governor, were speaking to heads of Russian state-owned and private banks about their dollar holdings.

One private sector analyst confirmed to Central Banking that calls were being made, noting they were aimed more a

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