Russia
Basis for unified payment system in Russia
In December, the Interagency Smart Cards Commission will present a draft plan for putting together a unified payment system in Russia. The system will be based on the payment system of Sberbank, and the clearance and cash center of the central bank will…
Gerashchenko wanted to keep PwC as auditors
Russia's lower house of parliament, the State Duma, Friday approved Deloitte Touche as the central bank's auditor for 2000, replacing PricewaterhouseCooper's. Speaking after the vote, central bank governor Viktor Gerashchenko said he had hoped to retain…
Russia's gold reserves up on last week
Russia's gold and foreign currency reserves were $26.5bn on 17 November, up from $26bn on 10 November, the central bank said in a press release on Thursday.
IMF mission leaves Russia with no agreement
Russia is likely to get a frosty reception from the Paris Club of sovereign creditors after an International Monetary Fund mission left Moscow this week without reaching agreement.
Duma committee recommends FBK for cenbank audit
The Duma Banking Committee made a decision at a closed meeting today to recommend that the Duma approve the FBK company as a subcontractor of Deloitte & Touche for the audit of the central bank's annual report for 2000 at a session of the lower house on…
Russian and Iranian central banks sign agreement
Today, the central banks of Russia and Iran signed a collaboration agreement. The agreement outlines cooperation between the banks in developing trade and economic cooperation between Russia and Iran.
Russia central bank to develop smart card market
Sergei Mikhailov, deputy director of the information systems department of the central bank, has announced that the bank is interested in developing the smart card market.
Russia and IMF disagree over forex reserves
The Russian government is hoping to resume its talks with the International Monetary Fund in the middle of December, a source close to the talks told the Russian news agency Interfax on Tuesday.
CBR auditor to be chosen on November 24
The Russian State Duma will name an auditor for the Central Bank of Russia for 2000 on November 24.The contenders are Deloitte & Touche and the PriceWaterhouseCoopers - FBK tandem.