Russia
Kudrin says Russia should keep $100bn reserves
Russia should maintain at least U.S. $100 billion in foreign exchange and gold reserves, Finance Minister Alexei Kudrin told the State Duma, the lower house of the Russian parliament, Monday 4 April.
Hackers steal Russian central bank transactions
Russian hackers have stolen the database of central bank transactions from April 2003 to September 2004, the Vedomosti newspaper reported on Wednesday 30 March .
Russia increases euro weighting
The Russian central bank said on Monday 21 March that it had doubled the weighting of euros used to calculate the nominal exchange rate of the ruble from 10 per cent to 20 per cent at the expense of the dollar.
Russia reports record gold reserves
The Central Bank of Russia has announced that gold or hard currency reserves soared 7.7 per cent to a record $134.15 billion in January-February 2005.
Russia's reserves hit record high
Russian central bank reserves in gold and foreign currency holdings soared to a record 134.15 bln usd in January-February 2005, up 7.7 pct, ITAR-TASS news agency quoted the bank as saying.
Russia 'not in a position' to fight strong ruble
The central bank of Russia is "not in a position" to combat the strengthening of the ruble because it may stoke inflation, said Oleg Vyugin, a former first deputy chairman of the Central Bank and now head of the Federal Service for Financial Markets.
Russia's euro reserves increase
The euro now accounts for one third of Russia's foreign currency reserves, a top official from Russia's central bank said on Tuesday 8 February.
Russia's foreign exchange reserves increase
Russia's foreign exchange reserves advanced 6 percent in December to USD124.541bn as of January 1, 2005.
CBR's Ignatyev says gold/ fx reserves may change
Changes in the structure of gold and foreign exchange reserves are possible, Russian central bank Chairman Sergei Ignatyev said in the State Duma.
Russian central bank hints on euro reserves boost
The euro rose to its sixth record this month against the dollar after first deputy chairman of the Russian Central Bank Alexei Ulyukaev said on Tuesday 23 November that the bank might increase the share of the euro in its reserves.
IMF's Rato on Russian inflation threat
IMF Managing Director Rodrigo Rato warned Russian policymakers to focus on controlling inflation rather than stimulating growth, when he arrived on a visit to Moscow on Tuesday 16 November.
IMF's Rato to make first visit to Moscow
IMF director general Rodrigo Rato is set to visit Moscow November 16-18 on his first trip there since taking the helm of the Fund in June, his spokesman said.
Illarionov says Russia diversifying fx reserves
By selling US dollars, securities and assets denominated in the US currency, Russia is diversifying its currency reserves, which is in line with the policy pursued by the Central Bank of Russia, Andrei Illarionov, adviser to the Russian President on…
Putin positive on Russian economic situation
Russian President Vladimir Putin is positive about the economic situation in Russia. Interfax in Moscow quoted Putin as saying the economy was developing "very energetically".
Russia discusses single currency idea with Ukraine
Russia and Ukraine are ready to discuss currency integration and the introduction of a single currency, Russian Ambassador in Kiev Viktor Chernomyrdin said in opening remarks to a round table meeting "Russia and Ukraine: Prospects of Cooperation in the…
Russia plans reduced for-ex intervention
A top bank official said Thursday the Bank of Russia hopes new monetary instruments will allow it to scale down its regular foreign exchange market interventions.
Padoa-Schioppa on challenges of market building
In a speech on 'The European Union and the Russian Federation: Challenges of market building' given on 28 September, Tommaso Padoa-Schioppa of the ECB said the Bank of Russia and the Eurosystem have entered into a dialogue on the whole range of central…
IMF's Krueger supports Russian central bank
IMF First Deputy Managing Director Anne Krueger said at a press conference on Monday 13 September that the International Monetary Fund supports actions by the Central Bank of Russia to regulate the recent unstable situation in the country's banking…
Russia cb prepares for world-class infrastructure
At a strategic meeting on June 23, 2004 in St. Petersburg, Russia, Michail Senatorov, Deputy Chairman of the Russian Central Bank, and Lazaro Campos, Member of the SWIFT Executive Committee, signed a Memorandum of Understanding (MoU) in which the bank…
IMF's Krueger to visit Moscow
The International Monetary Fund's First Deputy Managing Director Anne Krueger will be visiting Moscow September 12- 15, IMF External Relations Department Director Thomas Dawson announced in Washington on Thursday 9 September.
Kyrgyzstan and Russia sign cooperation agreement
The National Bank of Kyrgyzstan and Central Banks of Russia have signed a cooperation agreement with the intention to establish dialogue on issues of banking regulation, and exchange information on the condition and development of the banking sector.
Russian central bank misses profit target
The Russian Central Bank missed its target for paying profit to the federal budget by 1.5 billion rubles in the first half of 2004, according to Deputy Finance Minister Sergei Shatalov on Tuesday 31 August.
Russia issues forecasts on 2005
The Russian government will continue to target both the exchange rate and inflation next year because its economy is not ready for a free-floating ruble. At the same time, forecasts show a potential boost to the economy from revenues caused by high oil…
Bank of Russia to introduce new banknotes
The Russian central bank plans to introduce modified banknotes with the denominations of 10, 50, 100, 500 and 1,000 rubles from 16 August, first deputy chairman Arnold Voilukov said at a press conference.