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Articles with tag "Currency"

Russia’s Central Bank Acknowledges ‘Short-Term’ Impact on Ruble Exchange Rate

Philipp Gabunia, deputy chair of Russia’s Central Bank, said the bank had taken sufficient measures to stabilize the ruble.

How Far Can Russia’s Ruble Fall Amid Its Latest Tumble?

Moscow will likely be able to halt the freefall triggered by mounting sanctions pressure, but its value will continue to gradually decline in 2025.
5 Min read

Russian Central Bank Halts Currency Buying Until 2025 as Ruble Slides

The suspension comes as the ruble traded as low as 113 to the dollar for the first time since March 2022.
1 Min read

Russia’s Central Bank Steps Up Yuan Sales Amid Deficit

The Russian domestic market reportedly saw a yuan liquidity shortage this summer as some large exporters turned to borrowing in CNY amid ruble interest...
2 Min read

Russia Imports $30M in U.S. Dollar, Euro Banknotes From Rwanda Despite Sanctions – Vyorstka

The United States and the European Union banned the export of their banknotes to Russia in March 2022 following the full-scale invasion of Ukraine.
1 Min read

Moscow Exchange Halts Dollar, Euro Trade After New U.S. Sanctions

The Moscow Exchange index fell by 3.5-4% at the start of trading on Thursday morning, while shares of the exchange itself dropped by 15%.
3 Min read

Russian Central Bank To Resume Currency Trades in 2024

The Bank had suspended those transactions in August as the ruble slid below 100 against the U.S. dollar.
2 Min read

Raiffeisen’s Russian Division Imposes 50% Commission on Incoming Dollar Transfers 

The minimum commission charged will be $1,000, up to a maximum of $10,000.
2 Min read
Feature

Russia’s Digital Ruble Won’t Help It Evade Sanctions Anytime Soon

Russian lawmakers, think tanks and state media outlets have touted the Digital Ruble as a game-changer in helping Russia skirt Western restrictions.
5 Min read

Russian Ruble Briefly Hits 15-Month Low After Prigozhin Rebellion

Analysts said the fact the Kremlin and Prigozhin appear to have struck some kind of deal to quash the mutiny helped avoid a deep market crisis.
3 Min read

Ruble Tumbles to 12-Month Low as Kremlin Greenlights Shell Sale

After months of relative stability, the Russian ruble continued to weaken rapidly against major currencies on Friday.
3 Min read

Russia’s Central Bank Offers Liquidity Lifeline to Banks as Markets Crash

The country’s financial markets have plunged over the past two days because of the crisis in Ukraine.
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