Contents tagged with Central Bank of Russia
-
Leading Russian Bankers Hold Emergency Meeting to Discuss Ruble Devaluation
Bankers have asked the Central Bank of Russia to introduce a fixed preferential exchange rate for the Ruble; however, the regulator has refrained from doing so for now.The collapse of the Russian currency was the main reason for holding an emergency meeting of the representatives of the Russian Central Bank and leading bankers of the country on Thursday, January 21st. The importance of the meeting is evident as the Chairman of the Bank of Russia, Elvira Nabiullina, cancelled her trip to the …
-
Russia will Lose an Estimated $60 Billion in 2016- Bank of Russia
Russia’s net capital outflow from January to November 2015 amounted to an estimated $53 billion. Experts believe that the outflow of capital from Russia in 2016 could reach nearly $60 billion. This forecast was announced by the head of the Department of Monetary Policy of the Bank of Russia, Igor Dmitriev, at the Gaidar Forum 2016, as reported by TASS.
"We don't expect a significant capital outflow in the coming year. Even under the risk scenario, it will be close to our 2015 numbers, about 60 …