Russia
Central Bank of Russia - Annual Report 2000
ANNUAL REPORT - The Central Bank of the Russian Federation has published its annual report for the year 2000.
EBRD: Russian banking reforms not enough
Russia has been slow in reforming its banking system and a key test will be how new enforcement powers given to the central bank are used, the European Bank for Reconstruction and Development (EBRD) said in a report on Tuesday.
DUMA won't deprive Russia's c bank of independence
RUSSIA - During a meeting of the working group of the Duma for the bill on the Central Bank on 12 November, deputies failed to come to agreement as to which body, the National Banking Council (NBC) or the Board of Directors, would govern the Central bank.
Russian central bank gold deal with private bank
RUSSIA - Alfa Bank plans this year to buy nearly 30 tonnes of gold and 200 tonnes of silver, a bank source said.
Selection of Russia's central bank auditor
RUSSIA - During a meeting of the Duma commission for the choice of an auditor for the Central Bank, deputies failed to choose between a Western or a Russian company and to decide whether two companies or one should audit the Central Bank.
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.
Russian reserves growing
RUSSIA - Russia's gold and foreign exchange reserves grew from $38.6 billion to a new peak of $38.8b in the period between 19 October and 26, 2001.
Russian c bank reserves exceed 38 bn $ - Governor
RUSSIA - The currency reserves of Russia's Central Bank are nearly 38.6 billion dollars, Bank Governor Viktor Gerashchenko has said at the Russia-Dutch economic forum in the Hague.
Russia's plan to combat money laundering
RUSSIA - The Russian government has announced it plans to set up a financial watchdog as part of a broader effort to cut out financial crime.
Russian c bank lose 5 bn rubles due to staff fault
RUSSIA - The General Prosecutor's Office has completed investigation into the criminal case against Deputy Director of the main Moscow territorial division of the Central Bank, Alexander Alekseev.
IMF upbeat on Russia
RUSSIA - The International Monetary Fund (IMF) has expressed confidence in the Russian economy, which it said is set to weather the downturn in oil prices and global growth.
Russian central bank to remain independent
RUSSIA - The working group for amendment of the law, "On the Central Bank", advocated retention of the independent status of the Central Bank.
Duma support foreign audit of Russian central bank
RUSSIA - The Duma Banking Committee has approved provisions, "On the organisation of audits of the annual financial statement of the Central Bank."
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.
Russia c bank to sell $50M to non-residents today
RUSSIA - Today, 4 October, the Russian Central Bank will conduct an auction for non-residents with S-accounts in Russia.
CBR submits draft 2002 monetary policy guidelines
RUSSIA - The Central Bank of Russia /CBR/ has submitted Monday 1 October the draft 2002 monetary policy guidelines to the State Duma, lower house of parliament, Deputy CBR Chairman Georgy Luntovsky told Prime-TASS Tuesday.
Russian government approve banking reform strategy
RUSSIA - The Russian government approved, in broad outline, a banking reform strategy in Russia on 27 September.
Russia gov't lifts restrictions on bank bond issue
RUSSIA - Deputy Prime Minister and Finance Minister Alexei Kudrin reported that on 27 September the government decided to lift restrictions on the issue of Central Bank bonds.
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.
Russia's Geraschenko to step down in a year's time
RUSSIA - Russian financiers were in lively discussion of the probable resignation of Central Bank Chairman Viktor Geraschenko. Until now, Geraschenko always smiled when asked to confirm or deny rumors concerning his impending resignation. On 20 September…
IMF's Koehler to visit Russia 9-12 Oct, Official
RUSSIA - International Monetary Fund Managing Director Horst Koehler will visit Russia 9-12 October and an IMF mission will spend a week in Russia starting 10 October, a Russian official said Thursday 27 September.
Russians allowed to open accounts in foreign banks
RUSSIA - Russia's Central Bank allowed Russian citizens to open accounts in foreign banks for non-business purposes, according to the CBR ruling, published in CBR's official bulletin today, 19 September. The ruling takes affect in ten days.
Russia ponders measures to boost banking sector
RUSSIA - Russia is considering the creation of a deposit protection scheme and measures designed to increase competition within the country's poorly developed banking sector, under reform plans being drawn up for cabinet discussion this month.
Talks on Russian bank reforms
RUSSIA - Top national and international policymakers are set to meet at Russia's central bank today, Tuesday 11 Sep, to discuss options for restructuring the country's banks.