Russia
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.
Russian fin min proposes liberal forex regulations
RUSSIA - In light of lessening capital flight from Russia, the Finance Ministry is prepared to further liberalize forex regulations, Deputy Prime Minister and Finance Minister Aleksey Kudrin said at a press conference on Tuesday.
Russian central banker warns on spending plans
RUSSIA - Oleg Vyugin, first deputy chairman of Russia's central bank, said the stability of the country's economy could be adversely affected if government carries out its plan to increase spending next year.
Russian c bank adopts looser rules for for ex sale
RUSSIA - At its session on Friday, the Russian Central Bank's board of directors agreed to liberalise the obligatory sale of foreign currency revenues by exporters, the bank's PR department reported.
Russian gold, fx reserves increase to new record
RUSSIA - Russia's gold and foreign exchange reserves on 9-16 August were up by 600m dollars to 44.7bn dollars, Prime-TASS said on Thursday with reference to the Central Bank public relations department.
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.
Russia plans jewellery sale to pay debts
RUSSIA - Some of Russia's most valuable jewellery is to be sold as part of the country's desperate search for funds to repay its debts.
Russian PM says central bank to continue float
RUSSIA - The central bank and the government of Russia will ensure the stability of the rouble rate in 2003, but the rouble rate should correspond with economic development, Prime Minister Mikhail Kasyanov said at a government session on Wednesday.
Central Bank of Russia to offer $13,000 gold coins
RUSSIA - New Russians, extravagant businessmen famed for their love of gold and deep pockets, might now have to start thinking about getting wide ones too, reports Reuters on Friday.
Russians stuff $80 billion under mattresses
RUSSIA - Russians have nearly $80 billion "stuffed under mattresses" - more cash than in US circulation - which is now trickling into stocks amid improved trust in corporate governance, Russia's securities watchdog chief said on Tuesday.
Russian court overturns acquittal of ex-c banker
RUSSIA - A Moscow court has overruled the acquittal of a Central Bank official charged with abuse of office for giving a loan to a troubled bank and ordered a retrial, news reports said.
Putin and c bank chief discuss inflation, gold
RUSSIA - On Wednesday Russian President Vladimir Putin and Central Bank chief Sergey Ignatyev discussed the macroeconomic situation in Russia.
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 PM criticises central bank over inflation
RUSSIA - Russian Prime Minister Mikhail Kasyanov has pointed to continued favourable trends in the national economy but scolded the central bank over its lack of control over inflation.