Russia
Russian duma gives easy passage to currency law
RUSSIA - Russia's parliament on 13 July supported President Vladimir Putin's plan to liberalise currency controls, ignoring a central bank request to postpone approval until the autumn.
IMF deal forbids Russian bank gold sales
RUSSIA - Russia's deal with the International Monetary Fund (IMF) would forbid Moscow from selling gold from central bank reserves, even to help in emergencies, a government source said on 25 May.
State Duma passes IMF package on its third reading
RUSSIA - The Russian State Duma has passed upon its third and final reading a package of bills initiated by the International Monetary Fund to restructure the Russian banking system.
Gerashchenko gloomy on Russian banks
Interviewed in The Banker magazine (May 2001 edition) Viktor Gerashchenko, head of Russia's central bank painted a gloomy picture of the state of Russia's banking system.
Belarus, Russia can adopt single currency by 2005
RUSSIA - Viktor Gerashchenko, head of the Russian Central Bank, said during his visit to Mahilyow on Mar 30 that Belarus and Russia could adopt a single currency before 2005 provided there were necessary economic conditions.
CBR asks government to repay its debts
RUSSIA - Bank of Russia recorded a pretax profit of about R4bn for 2000, Governor Viktor Gerashchenko reported, but the government still needs to repay its debt to the central bank.
Russian bankers to participate in symposium
A delegation of Russian bankers and economists will participate in a three day symposium in India beginning on Mar 22, 2001.
Russia cbank says too soon to ease forex sale rule
Russian Central Bank Chairman Viktor Gerashchenko said in an interview published on Mar 7, 2001 that it was too early to reduce the percentage of foreign currency receipts that Russian exporters are required to sell in exchange for roubles.
Russian central bank deputy governor in Vietnam
A delegation of Russian central bank headed by its deputy governor, V.A Melnikov has been in Vietnam since February 16, said the International Relation Dept. of the State Bank of Vietnam. They are scheduled to work with the central bank office,…
Vietnam,Russia look to bilateral payment mechanism
Risks encountered by Vietnam's businesses in trading with Russian partners will likely be removed if talks between the visiting Russian banking delegation with their Vietnamese counterparts bear fruit.
Russia will pay debts on time, finance chief
Signalling a renewed spirit of cooperation, a senior Russian government official on Feb 17 told delegates from France, Italy and other countries that his government intends to repay its $38.7 billion (42.35 billion euros) in foreign debt in full and on…
IMF Moscow talks progress, stop short of approval
The International Monetary Fund said on Feb 16, 2001 its latest talks did not attain the approval Russia needed to start negotiations on restructuring Paris Club debt. Its discussions in Moscow had yielded "significant progress", however. Officials had…
Russia Duma ratifies single currency with Belarus
The Russia State Duma budget committee on Feb 9, 2001 decided to recommend that the lower house of parliament ratify the agreement between Russia and Belarus on the introduction of a single currency and on setting up a single monetary emissions center…
Russian c.bank reserves set post-Soviet record
Russia's foreign currency and gold reserves have hit a new post-Soviet high of $29.5 billion after rising almost one billion dollars in the week to Feb. 2, the central bank said on Feb. 8, 2001. The bank said reserves had risen to the new level from $28…
Gerashchenko sees no Russia banking crisis
There is currently no threat of a systemic banking crisis in Russia, Central Bank head Viktor Geraschenko said. "I don't think that a systemic crisis in the banking sector is possible for us right now," Geraschenko said in an interview.
Russia c.bank drafts blueprint for banking reform
Russia's central bank has prepared new guidelines for banking sector reform aimed at bringing financial institutions in line with Western standards, a senior central banker said in an interview published on Feb 1, 2000. Central bank deputy chairman…
Interview with Viktor Gerashchenko
We report in full an interview with Russian central bank chairman Viktor Gerashchenko that appeared in the Russia paper, 'AIF weekly', following the World Economic Forum in Davos.
Russia cbank chief sees few results from IMF visit
Russia's central bank chief said on Jan. 27, 2000, he expected little from a visit to Moscow by an IMF mission next week, although agreement with the Fund is needed for Russia to start restructuring talks with the Paris Club. He also saw no reason why…
Paramonova-CBR far from saying bank system is well
"The Central Bank of Russia is far from saying the national banking system is well", CBR First Deputy President, Tatyana Paramonova has said. As she spoke at a meeting of Russian and Israeli businessmen in Moscow on Jan. 24, 2000, Paramonova said that a…
Bank of Russia forms internet regulation division
In preparation for regulating banking operations on the Internet, the Bank of Russia has created a special division within its department for monitoring banks. Bankers have greeted this news enthusiastically, with the hope that the new division will…
Putin says cbank needs to pick up pace of reform
President Vladimir Putin said Dec 29 Russia needs to reform its moribund banks, and he criticized the central bank for failing to develop the banking system. The International Monetary Fund and other foreign lenders have long urged Russia to overhaul its…
IMF has nothing against CBR, says Paramonova
The International Monetary Fund has no complaints about the actions of the Central Bank of Russia, Tatyana Paramonova, a first deputy chairman at the Central Bank, said.
Putin's aide has dim view of Russian cbank policy
This year's actual rouble rate exceeded the projected level by some 40%-50%, Andrey Illarionov, Russian President Putin's adviser for economic affairs, said at the joint session of the Duma banking and budget committees, at which the monetary policy of…