Central Bank of Russia

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Central Bank of Russia

The central bank of Russia. The Russian constitution charges the Central Bank with maintaining the stability of the Russian ruble. It sets interest rates for interbank loans in Russia and also regulates the banking industry. It was established in 1990, but traces its origins to the central bank of the Russian Empire in the mid-1800s.
References in periodicals archive ?
Moscow: Money market rates last year predominantly stayed near the Bank of Russia key rate.
At the same time, the latest issue of the informational and analytical commentary of the Bank of Russia Consumer Price Dynamics reports that the anchoring of inflation at this low level is gaining stability due to permanent factors.
In a statement reported by Reuters, the ratings agency said, 'Fitch understands that both banks have agreed capital rectification plans with the Central Bank of Russia, with certain milestones to be achieved within the next several months, while their inability to meet these targets may result in regulatory intervention.
The Central Bank of Russia has revoked the banking licence of Rosprombank, a unit of legacy Laiki, citing its failure to comply with the country's legislation, including money laundering and terrorism financing, a further blow to stricken depositors who expected compensation from the liquidation of its assets.
In July, the officials of the Central Bank of Russia announced preparedness of major banks in their country to establish broker relations with their Iranian counterparts.
Jeddah, Sha'ban 21, 1437, May 28, 2016, SPA -- Islamic Development Bank (IDP) on Friday signed a number of memorandums of understanding with Bank of Russia (the Russian central bank) and a number of Russian banks, on the sidelines of the opening of the meetings of the Group of Startegic Vision "Russia-Islamic World," at the city of Kazan, capital of the Republic of Tatarstan.
In fact, Central Bank of Russia statistics showed that external debt had remained steady at US$556 billion for the first two quarters of 2015, after the steep decline in 2014.
On Thursday the Bank of Russia regulator raised the interest rate for the fifth time this year to 10.
The Bank of Russia, from November 10, 2014, abolished the acting mechanism of exchange rate policy, reversing the interval of admissible values of the bi-currency basket (operating range) and regular interventions at the boundaries of this range and beyond," the statement said.
In an official message, the bank names Djankov as one of the three new members of its supervisory body, alongside First Deputy head of the Bank of Russia for financial markets Vladimir Chistyuhin and ex-Deputy President of Vneshnekombank Mikhail Kopeykin, Russian business daily RBC reports.
TAE[currency]KENT (CyHAN)- According to the Central Bank of Russia, the total volume of money transfers between Uzbekistan and Russia among individuals increased by 27.
Shortly after the rejection of the Gazprom proposal,Anatoly Aksakov,the head of the Association of Regional Banks of Russia and a member of the Board of the Central Bank of Russia, spoke to Interfax describing the countrys banking system as "not trustworthy" and advised Russian citizens "to withdraw their deposits from Cyprus.