Bank of Russia

Russian state Duma does not trust foreign audit

RUSSIA - On 11 December, the State Duma's commission on auditing of the Central Bank of Russia suggested giving preference to only one company, the Russian YUNIKON firm, as auditor of the Central Bank's performance for 2001.

Russia's Gokhran to buy gold for central bank

RUSSIA - Russian precious metals depository Gokhran will buy 40 metric tons of gold in 2002 from domestic commercial banks for the Central Bank of Russia's reserves, Gokhran official Valery Goncharov told reporters Monday.

CBR no longer responsible for inflation

RUSSIA - On 3 October, the Central Bank of Russia presented the State Duma with the draft of The Basic Guidelines of a Single State Monetary and Credit Policy for 2002, which assumes an annual inflation of between 12% and 14% for next year.

Ten firms submit material for audit tender, Russia

RUSSIA - Ten audit firms have submitted additional materials for participation in a tender to perform an annual audit on the Central Bank of Russia for 2001, deputy head of the State Duma budgetary committee, Ashot Yegiazaryan, told Interfax.

CBR asks government to repay its debts

RUSSIA - Bank of Russia recorded a pretax profit of about R4bn for 2000, Governor Viktor Gerashchenko reported, but the government still needs to repay its debt to the central bank.

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