Bank of Russia

Russia's International Reserves Rise to $740 Billion

Russia's international reserves increased by $19.7 billion over the week, reaching $740 billion as of August 7.

Russia's Central Bank to Allow Bitcoin, Ethereum, and USDT in Public Trading

The Bank of Russia has included Bitcoin, Ethereum, and Tether USDT in the list of cryptocurrencies for public circulation. Non-qualified investors will be able to buy them within a limit of 300,000 rubles per year.

Bank of Russia revises annual inflation forecast

Annual inflation in Russia may reach 6.3% by the end of September, according to the Bank of Russia's August 5 commentary on its medium-term macroeconomic forecast.

Banks Want a Rival to Mir, but Central Bank Sees Costs

The Bank of Russia has not supported banks' initiative to create a second Russian payment system to compete with the existing Mir system, citing costs and conditions.