Russia
Former Russian c banker appointed to Sistema board
Ex-president of the central bank of Russia Viktor Gerashchenko has become a member of the Consultative Board of the Sistema joint-stock financial corporation, according to a report by the ITAR-TASS news agency.
Russia's chief banker briefs Putin on inflation
Speaking on Channel One TV in Russia, Sergey Ignatyev said the central bank must continue to strengthen banking supervision and that over a number of years, we will deliver full convertibility for the rouble.
Russian c bank reports surge in counterfeit notes
In its annual report for 2002 the central bank of Russia has reported an increase in forged bank notes of 17 per cent with the 100-rouble note the most popular to be copied, reports the ITAR-TASS news agency.
Eurasian c bankers to discuss market integration
Representatives from the Central Bank of Russia and the national banks of Belarus, Kazakhstan and Kyrgyzstan will arrive in Dushanbe to discuss issues of cooperation in the area of currency market integration, reports the Asia-Plus news agency.
Russia may allow central bank to issue bonds
Russia's finance ministry plans to present a draft resolution allowing the central bank to issue zero-coupon bonds.
Russian cb calls for liberalisation of forex rules
Russia's central bank plans a gradual liberalisation of currency regulations, chairman Sergey Ignatiyev said on Tuesday 23 April, according to a report by the Iinterfax News Agency.
Russian Fin Min: Inflation target will be hit
The Russian finance ministry has said it expects inflation to remain under its 12 per cent target for 2003, according to the Moscow Times.
Bank of Russia changes exchange rate mechanism
Russia's central bank has changed the procedure by which it establishes the rouble exchange rate with the dollar. Pravda reports that the bank will now use the average-weighted rate of the US dollar at the Unified Trading Session (UTS) of the inter-bank…
Russian central bank invites banks to talk back
the Moscow Times reports that Russia's central bank has started a discussion forum on its web site which aims to establish dialogue with the banking community and improve the quality of central bank decisions.
Russian forex reserves reach another record high
Russian central bank reserves rose to a new record high last week, according to the ITAR-TASS news agency, taking the total increase to nearly sixteen percent since January.
Russian inflation target on track - Ignatyev
Speaking at an economic conference Russia's central bank governor Sergei Ignatyev said inflation should be held under 12 per cent despite IMF suggestions that price rises may be difficult to control, according to the Moscow Times.
Russia takes Latvia off currency control list
Russia's central bank has removed the tight currency controls which it had in place against Latvia. These are the last of the restrictions adopted by Russia's central bank regarding Latvia in 1998, according to a report from the baltic News Service.
Russian gold reserves may rise one-third in 2003
Russian central bank first deputy governor Oleg Vyugin said on Monday that the new oil price forecast could see the central bank increase its reserves by US$14bn during the year, according to a report by ITAR-TASS news agency.
Russian Central Bank acts to hold ruble steady
The ruble held steady on Friday March 21 as the Central Bank of the Russian Federation stuck to its promise to minimise exchange rate volatility in a market nervous at the start of hostilities in the Gulf, according to a report in the Moscow Times.
Ignatyev - Reserves to prevent ruble fluctuation
During a working meeting with the President of Russia, central bank chairman Sergei Ignatyev said that the Bank's foreign currency reserves will make it possible to prevent major fluctuations in the ruble exchange rate in the near future.
Russia's gold and for ex reserves continue to rise
Russia's central bank has announced increased reserves of 0.8% for gold and foreign exchange. This represents a new record.
Russian gold reserves reach a new record
Russia's central bank has announced record gold reserves, increasing to 52.7 bn dollars.
Russia on course to join FATF
Following the recent FATF and G8 summits in Paris, CentralBankNet learns Russia looks set to join the Financial Action Task Force on money laundering (FATF) in June, less than a year after being removed from the organisation's blacklist of non…
Russia posts another rise in gold reserves
Russia's gold and foreign currency reserves were at 51.4bn dollars on 14 February, up from 50.2bn dollars on 7 February, the Central Bank of Russia said in a press release on Thursday.
Russia's central bank reduces interest rate to 18%
The Russian Central Bank reduced its refinancing rate from 21% to a record low of 18% from 17 February, having taken into account a slowdown in inflationary growth and the real level of interest rates on the Russian money market.
Inflation control a priority for Russia's c bank
Containing inflation is a top priority for the Central Bank of Russia in the implementation of its monetary- financing policy, Central Bank First Deputy Chairman Oleg Vyugin said Wednesday.
Russian gold, forex reserves could hit $55 bln
The Central Bank of Russia's gold and foreign-exchange reserves could total approximately $55 billion at the end of 2003 so says a deputy governor of the Bank.
Russia posts small rise in gold reserves
Russia's gold and currency reserves have grown 100m dollars, from 48.1bn to 48.2bn dollars, in the period from 17 January to 24 January, a news agency said information from the Central Bank of Russia.
Russian central bank may increase euro reserves
The Russian central bank, which has foreign currency reserves largely denominated in dollars, may increase its holdings of euros, deputy chairman Oleg Vyugin was quoted as saying.