Russia
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.
Russian, Chinese to work against money laundering
During the current visit to Beijing by Russian President Vladimir Putin, the Central Bank of Russian (CBR) and the People's Bank of China have signed an agreement on cooperation in counteracting the laundering of criminally obtained incomes and the…
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.
Russian premier wants relaxed currency regulation
At Thursdays meeting of the cabinet, Russian Prime Minister Mikhail Kasyanov stressed the need to liberalise currency regulation in the country. As we reported Wednesday, the proposal has divided politicians and the central bank with the latter calling…
Ukrainian central bank chief under pressure to go
Rumblings at Ukraine's national bank continue as the chairman, speaking on Thursday, said he had not been asked to resign and parliament had refused presidential requests to dismiss him.
Currency regulation divides Russian officials
The proposed removal of Russia's currency controls which we reported last week seems to have set the government against the central bank who are calling for a more conservative approach.
Russian gov't agrees to currency control removal
RUSSIA - Russia's government agreed in principle Thursday on a draft of a law that would abolish almost all currency controls by 2007.
Russian PM says old regulations hinder economy
RUSSIA - The existing system of currency regulation and control hampers the development of the national economy, Russian Prime Minister Mikhail Kasyanov said at a cabinet session on Thursday.
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.
Russian gov't to cancel currency regulations 2007
RUSSIA - The Russian government plans to completely cancel currency regulations starting in 2007, the Vedomosti daily business newspaper reported on Tuesday, quoting First Deputy Finance Minister Aleksey Ulyukayev.
Russian c bank challenges politicians on reform
RUSSIA - A day after the government cancelled Thursday's Cabinet session on two key financial initiatives - liberalizing currency control and the introduction of deposit insurance - a top central bank official declared the time has come to test the…
Appointees to Russian c bank's supervisory council
RUSSIA - Prime Minister Mikhail Kasyanov has signed a decree appointing members of the Central Bank's supervisory council, the National Banking Council, Itar-Tass quoted government press service head Alexei Gorshkov as saying Friday.
Kozlov - legal protection would boost confidence
RUSSIA - Russia's Central Bank has come out for greater legal protection of deals involving derivative securities on the national securities market and for introducing Russian depository receipts.
Russian c bank - For ex reserves growth too fast
RUSSIA - Russian Central Bank President Sergey Ignatyev has said that the country's gold and foreign exchange reserves are now close to a level that meets all conceivable criteria. He was speaking at a full-scale meeting of the State Duma (lower house)…
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…
Russian Central Bank boosts assets 19%
RUSSIA - The Central Bank of Russia increased its assets from 1.72 trillion rubles to 2.04 trillion rubles, or 19.2%, in the first eight months of 2002, the Central Bank reported. Assets slipped 2% in August.
Russia's for ex reserves up again in September
RUSSIA - Russia's international reserves grew 1.292bn dollars, or 2.9 per cent in September, to 45.619bn dollars from 44.327bn dollars.
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…
Russian central bank head expects same reserves
RUSSIA - Russia's gold and foreign exchange reserves will close this year at the same level they are at now, Central Bank chairman Sergei Ignatyev said on Monday.
Russian Duma approves central bank board nominees
RUSSIA - The State Duma today confirmed seven nominees for the board of directors of the Central Bank of Russia.
IMF hails Russian banking reforms
RUSSIA - The International Monetary Fund has hailed measures in Russia to reform the country's banking system.
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…
Russians opt for euro over dollar
RUSSIA - Russians are buying more euros than dollars for the first time since the new European currency became available, according to the central bank.