Bank of Russia
Russia to Tighten Restrictions on Export of Cash Rubles and Gold to EAEU Countries
The Bank of Russia plans to amend Decree No. 193, tightening rules on the export of cash rubles and refined gold to EAEU countries, including Kazakhstan. Specific parameters and timelines have not yet been announced.
Russia's Largest Exporters Cut Currency Sales to Multi-Year Low
In September, Russia's largest exporters sold $2.1 billion in foreign currency, a new multi-year low. Third-quarter sales totaled $6.7 billion, down from June's figure.
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.