Bank of Russia
Russian c bank to amend bank offshore capital law
Russian banks may be given a year to lower the share of their equity capital in offshore companies to 10% under new amendments to the law on banks and banking activities, according to Kommersant. If the amendments are passed, banks will be obliged to…
Russian Central Bank acts to hold ruble steady
The ruble held steady on Friday March 21 as the Central Bank of the Russian Federation stuck to its promise to minimise exchange rate volatility in a market nervous at the start of hostilities in the Gulf, according to a report in the Moscow Times.
Russia posts another rise in gold reserves
Russia's gold and foreign currency reserves were at 51.4bn dollars on 14 February, up from 50.2bn dollars on 7 February, the Central Bank of Russia said in a press release on Thursday.
Inflation control a priority for Russia's c bank
Containing inflation is a top priority for the Central Bank of Russia in the implementation of its monetary- financing policy, Central Bank First Deputy Chairman Oleg Vyugin said Wednesday.
Russian gold, forex reserves could hit $55 bln
The Central Bank of Russia's gold and foreign-exchange reserves could total approximately $55 billion at the end of 2003 so says a deputy governor of the Bank.
Unicon appointed central bank auditor in Russia
Unicon/MS Consulting Group has been appointed as the main auditor of the central bank of Russia for 2002. The bank's PR department said that this decision was reached at a meeting of the National Banking Council chaired by Alexei Kudrin on 30 December.
Central Bank of Russia boosts assets 24%
The Central Bank of Russia boosted assets 23.8% in the first ten months of 2002 from 1.713 trillion to 2.120 trillion rubles, including a rise of 2.8% in October, the Central Bank balance sheet shows.
Russia central bank forecasts falls in inflation
The Central Bank of Russia [CBR] will conduct its monetary and credit policies proceeding from the assumption that inflation will steadily decline as of next year, from 10-12 per cent expected in 2003 to 8 per cent in 2005.
CBR's 5 priorities in modernising banking system
RUSSIA - The Central Bank of Russia has determined five priorities that it will follow in modernizing the banking system, Andrei Kozlov, the bank's first deputy chairman, said at a round-table meeting on banking reforms Monday.
Egypt, Russia sign banking cooperation agreement
EGYPT - The Central Bank of Egypt and the Central Bank of Russia today, 16 October, signed an agreement on promoting cooperation in banking domains between the two nations.
Central Bank of Russia offers more zodiac coins
RUSSIA - The Central Bank of Russia will issue more coins of the Zodiac series, starting tomorrow. It will be Scorpio now-silver two-rouble pieces and gold 25 roubles. Up to 20,000 silver coins will appear in circulation, and up to 50,000 gold, said the…
CBR's Kozlov - Delete Russia from FATF black list
RUSSIA - Russia has all the chances to be deleted from the "black list" of the Financial Action Task Force (FATF). Such an opinion was expressed by first deputy chairman of the Central Bank of Russia Andrei Kozlov who made an appearance at the National…
CBR to introduce for ex swap deals on 26 Sept
RUSSIA - The Central Bank of Russia is introducing on 26 September an additional instrument to the bank refinancing system based on the use of foreign currency swap deals.
Russia's central bank to decide on Russia-Belarus
RUSSIA - The Central Bank of Russia is to shape the inflation and currency rates in the Russia-Belarus Union, said Russian Vice-Premier and Finance Minister Alexei Kudrin at a Tuesday session in Moscow of the Council of Ministers of the Russia-Belarus…
Russia and China's central banks sign joint accord
RUSSIA - The Central Bank of Russia and the People's Bank of China on Thursday signed an accord on inter-bank settlements in border areas.
Deputy head of Central Bank of Russia appointed
RUSSIA - Central Bank of Russia chairman Sergey Ignatyev signed on Wednesday an order appointing Konstantin Korishchenko as his deputy, a source in the bank said Thursday.
Russian c bank denies stalling new currency law
RUSSIA - The Central Bank of Russia has denied suggestions that it is deliberately delaying implementation of new regulations intended to liberalize conversion of foreign currency earnings by Russian exporters.
Russia change valuation of gold and forex reserves
RUSSIA - The Central Bank of Russia is changing the method for calculating the gold and foreign exchange reserves, Central Bank First Deputy Chairman Oleg Vyugin said on Thursday.
Russia's forex reserves hit record 40bn dollars
RUSSIA - Russia's gold and hard currency reserves have broken a new record. The Central Bank of Russia's department of external and public relations announced on Thursday 16 May that they stood at 40bn dollars as of 10 May.
Key Duma committees back three for CBR board
RUSSIA - The Duma Banking and Budget Committees supported Wednesday the candidacies of Oleg Vyugin, Andrei Kozlov and Nadezha Ivanova for the Central Bank of Russia (CBR) Board of Directors.
Gerashchenko stays with central bank
RUSSIA - Viktor Gerashchenko, former chairman of the Central Bank of Russia, plans to take the post of an economic adviser at the Scientific and Research Institute of the Bank of Russia reports Novecon.
Independence vital for Russia's central bank - PM
RUSSIA - Prime Minister Mikhail Kasyanov said the Central Bank of Russia must be independent.
Russian c bank raises gold purchase price by 5%
RUSSIA - The Central Bank of Russia has established a new procedure for calculating buy and sell quotes for refined gold, silver and platinum in bars for operations with credit institutions.
Duma to consider bill on central bank of Russia
RUSSIA - The Russian Duma will consider on 15 March the bill 'About the Central Bank of Russia (Bank of Russia)' in the second hearing.