Skip to main content

Bank of Russia caps daily forex interventions

Value of the ruble ‘will be determined predominantly by market factors'

putin4554646
Vladimir Putin

The Bank of Russia today announced it will limit daily foreign exchange interventions to $350 million in a bid to "further increase" the flexibility of the ruble.

The central bank also introduced a new, 12-month forex repo instrument aimed at ensuring the Russian banking sector has access to dollars amid "restricted access to international capital markets".

The measures, both effective from today, follow a tumultuous month that saw the Bank of Russia spend more than $30 billion to defend the

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.