Russia
Gerashchenko to co-chair of Russians Regions Party
Former chief of the Russian Central Bank Viktor Gerashchenko was elected co-chairman of the Russian Regions Party on Monday (15 Feb). The decision was made by the party's congress, after Sergey Glazyev was booted from the post.
Russia and Belarus agree on currency policy
The National Bank of Belarus and the Central Bank of Russia have approved a draft agreement between the governments and central banks of the two countries on common principles of currency regulation and control.
Russia, Belarus interbank currency board meets
The Interbank currency board of Russia and Belarus was due to meet in Vladimir on Friday 13 February to discuss relations between the two countries regarding the introduction of the single currency and common monetary policy.
Russian for ex intervention hits record $3bn
The central bank of Russia spent a record $3 billion on Tuesday 10 february to hold down the ruble. The intervention represented the biggest foreign-exchange intervention in Russia's history.
Russia not to vary currency policy after G7 meet
Russian Central Bank First Deputy Chairman Oleg Vyugin said on Monday 9 February that the bank saw no reason to change its currency policy following last weekend's Florida meeting of the Group of Seven finance ministers and central bank governors.
Gerashchenko's appeal fails
Russia's Supreme Court rejected an appeal from former central bank chairman Viktor Gerashchenko on Friday 6 February over refusal by the Central Electoral Commission to register him a candidate in the upcoming presidential election.
Putin discusses Russian economy with Ignatiev
Russian central bank president Sergei Ignatiev has held a working meeting with president Vladimir Putin to discuss the economy and exchange rate situation.
Russia sees gold and forex reserves increase
Russia's gold and foreign exchange reserves have reached a record-high of 82.7 billion dollars, official figures from the central bank of Russia showed on Thursday 29 January..
Gerashchenko enters Russian presidential race
Nine candidates, including former Central Bank chief Viktor Gerashchenko, have met a year-end deadline to register to run against President Vladimir Putin in Russia's March presidential election.
Russia to issue more secure bank notes
The Central Bank of Russia is planning to issue new-look bank notes later this year in an effort to beat counterfeiters.
Ex Russian c bank chief forecasts dollar recovery
Viktor Gerashchenko, the former Chairman of the Central Bank of Russia, has said that "the exchange rates of the dollar and the euro will align within the next year or year and a half."
Modified notes agreed by Russian central bank
The Board of Directors of the Russian Central Bank has given the OK to the introduction of modified 10, 50, 100, 500 and 1000 ruble notes.
Russia's new attack on money-laundering
The Central Bank of the Russian Federation is working on an 'early warning system' against money-laundering.
NBC to select auditor for Russian central bank
Russia's National Banking Council will choose an auditor for the Russian central bank on 24 December. There are seven applicants for auditing the central bank's financial statements.
Russia may float currency rates in future
Russia's central bank first deputy Oleg Vyugin said on Tuesday 2 December that it will be two years, at the earliest, before Russia can switch to floating currency rates, according to a report by UPI "We must see whether it is effective, evaluate…
EBRD sees no sign of banking crisis in Russia
The European Bank for Reconstruction and Development's senior economist, Ivan Szegvari, has said that Russia is not in danger of a banking crisis similar to August 1998, according to Interfax. At the presentation of the EBRD's report on transition…
Russia's gold reserves on hold
Central Bank of Russia deputy governor Oleg Vyugin was quoted as saying Russia has no plans to increase gold reserves at the moment. He said current conditions were not good for buying gold which is "substantially expensive" and lacks liquidity, Reuters…
Russian Duma adopts new law on currency controls
The Russian State Duma adopted a draft law "On currency regulation and currency control" on 21 November, according to ITAR-TASS. Under the law precious metals and stones will no longer be treated as currency assets and Russian citizens will be allowed to…
Russian central bank holds rigid ruble policy
Oleg Vyugin, first deputy chairman of the Russian central bank, said on Monday 17 November, "So far the Central Bank is not ready to use foreign exchange policy to a full extent to meet inflation target", according to Reuters. His comments followed calls…
Putin praises CBR's ruble exchange rate policy
Russian President Vladimir Putin praised the central bank's exchange rate policy on the ruble, according to Prime-Tass, saying that policies "are justified by the situation in Russia". Putin made the comments during a meeting with IMF chief Horst Koehler…
Russia central bank deputy fears capital flight
The deputy governor of Russia's central bank, Oleg Vyugin, has said Russia could experience a significant increase in capital flight to $13 billion in the second half of this year, accrding to Reuters, but he added that he could not definitively link the…
Russian government wants 'mega-regulator'
The Russian government has called for proposals to be put forward about setting up a mega-regulator for financial markets, Gateway to Russia reports. The mega-regulator should divide regulatory and supervisory functions on the market, the report said.
Central Bank of Russia - Annual Report 2002
The Central Bank of Russia has published its Annual Report for the year ended 2002. Economic developments in Russia in 2002 were seriously affected by changes in the world economy, the Annual Report says. A quite favourable price situation on world…
Belarus, Russia discuss money-emission centre
The National Bank of Belarus and the Russian Central Bank have approved the framework of pegging the Belarusian rouble to the Russian rouble for the first quarter of 2004, according to the Belapan news agency.