Russia
Gerashchenko into politics
The global political establishment can now boast a couple more ex-heavyweight central bank governors to their number: Viktor Gerashchenko from Russia and Bimal Jalan from India. Gerashchenko, who resigned from Russia's central bank in March 2002 citing…
BDO UniconRuf to audit Russian central bank
The Russian central bank has signed an agreement with BDO UniconRuf to audit the central bank's accounts, according to The Russian Journal. The company obtained the right to audit the Central Bank's 2002 report after winning a corresponding tender…
Russian central bank finds WW2 grenade in grounds
Construction workers digging in the grounds of the central bank of Russia found a World War 2 grenade on Thursday 4 September, according to Sapa-AP. Bomb squad members took it to a firing range to be blown up.
Buba chief Welteke praises Russian economy
Speaking during a visit to Moscow, Bundesbank president Ernst Welteke said the Russian economy is witnessing welcome improvements, RIA Novosti reported.
Viktor Gerashchenko nominated to the Russian Duma
Former chairman of the central bank of Russia Viktor Gerashchenko has been nominated to the Duma from the pro-communist "patriotic" bloc. On August 25, he officially announced that he'd join the patriotic coalition of Duma deputies Sergei Glaziev and…
CBR to limit ruble strength
The Central Bank of Russia will move to limit the ruble's strength next year to help local producers compete with imports, despite IMF calls for a more flexible exchange rate policy reports the Moscow Times.
Russian state eyes central bank profits
Russia's 2004 draft budget proposes to let the central bank keep 20 percent of its profits, down from the current level of 50 percent, according to The Moscow Times. However First Deputy Central Bank Chairman Oleg Vyugin said in an interview "We do not…
Ruble union plagued by further setbacks
Observers say that the much discussed currency union between Russia and Belarus is likely to fail altogether, reports ITAR-TASS, because it would require the Belarussian strongman to relinquish some of his power. "The delay is an entirely domestic issue,…
Putin signs law to lower dollar sale requirement
Under a new amendment to the law on currency regulation and control in Russia, the amount of mandatory dollar revenue sales has been cut from 50 per cent to 30 per cent.
Putin, central bank chairman discuss economy
Chairman of the central bank of Russia Sergey Ignatyev met with President Vladimir Putin on Monday 30 June to discuss the financial and economic situation in the country, RTR Russia TV reported. Ignatyev said the macroeconomic situation remains stable,…
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…
Working group meets on Russia, Belarus currency
Russia's president Putin met his finance minister on Monday 9 June to discuss the introduction from 2005 of the Russian rouble to Belarus as a single payment unit, according to a report by Pravda.
Putin speaks of Russia's 'considerable' reserves
Asked at a news conference whether he preferred the dollar or the euro Russian President Vladimir Putin said his favourite was "the rouble", according to the Interfax news agency. He also spoke of the considerable increase in reserves held by the central…
Russian gold reserves reach new record high
Gold reserves in Russia reached a new record high this week at 59.9bn dollars, according to a report by the Interfax news agency..
Former Russian c banker appointed to Sistema board
Ex-president of the central bank of Russia Viktor Gerashchenko has become a member of the Consultative Board of the Sistema joint-stock financial corporation, according to a report by the ITAR-TASS news agency.
Russia's chief banker briefs Putin on inflation
Speaking on Channel One TV in Russia, Sergey Ignatyev said the central bank must continue to strengthen banking supervision and that over a number of years, we will deliver full convertibility for the rouble.
Russian c bank reports surge in counterfeit notes
In its annual report for 2002 the central bank of Russia has reported an increase in forged bank notes of 17 per cent with the 100-rouble note the most popular to be copied, reports the ITAR-TASS news agency.
Eurasian c bankers to discuss market integration
Representatives from the Central Bank of Russia and the national banks of Belarus, Kazakhstan and Kyrgyzstan will arrive in Dushanbe to discuss issues of cooperation in the area of currency market integration, reports the Asia-Plus news agency.
Russia may allow central bank to issue bonds
Russia's finance ministry plans to present a draft resolution allowing the central bank to issue zero-coupon bonds.
Russian cb calls for liberalisation of forex rules
Russia's central bank plans a gradual liberalisation of currency regulations, chairman Sergey Ignatiyev said on Tuesday 23 April, according to a report by the Iinterfax News Agency.
Russian Fin Min: Inflation target will be hit
The Russian finance ministry has said it expects inflation to remain under its 12 per cent target for 2003, according to the Moscow Times.
Bank of Russia changes exchange rate mechanism
Russia's central bank has changed the procedure by which it establishes the rouble exchange rate with the dollar. Pravda reports that the bank will now use the average-weighted rate of the US dollar at the Unified Trading Session (UTS) of the inter-bank…
Russian central bank invites banks to talk back
the Moscow Times reports that Russia's central bank has started a discussion forum on its web site which aims to establish dialogue with the banking community and improve the quality of central bank decisions.
Russian forex reserves reach another record high
Russian central bank reserves rose to a new record high last week, according to the ITAR-TASS news agency, taking the total increase to nearly sixteen percent since January.