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Latest Central Bank of Russia Stories

2013-12-17 23:23:43

Russia's largest financial organization, Sberbank, announced that a Bitcoin alternative may appear in Russia soon. Yandex.Money, an e-commerce payment system and a subsidiary of the popular Russia search engine Yandex.ru, will serve as a basis for the new project. Moscow, Russia (PRWEB) December 17, 2013 Russia's Sberbank does not exclude emission of a virtual currency similar to bitcoins on the basis of e-commerce payment system Yandex.Money, Yandex internet company subsidiary....

2009-04-03 09:26:56

The Central Bank of Russia said inflation in the first quarter of 2009 hit 5.3 percent and predicted an annual drop to less than the 2008 rate of 13.3 percent. Bank Chairman Sergei Ignatyev said a weaker ruble had pushed inflation higher, but the ruble's fall ended in January, RIA Novosti reported Friday. Further, an absolute break in the ruble supply in the past few months and the consistently low level of global food, energy and commodity prices, would continue to slow inflation, he said....

2008-12-13 14:29:47

A Russian Central Bank official said Saturday the banking group will widen exchange rate parameters for the ruble in light of the poor economic conditions. First Deputy Chairman Alexei Ulyukayev said in an attempt to aid society and business in Russia, the Central Bank is widening the exchange rate of the country's main currency, RIA Novosti reported. It's the fifth such move in a month. Here there is a political and a philosophical aspect. This is our attitude toward society and business,...


Word of the Day
out-herod
  • In the phrase to out-herod Herod, to be more violent than Herod (as represented in the old mystery plays); hence, to exceed in any excess of evil.
Herod refers to 'Herod the Great,' a Roman client king and 'a madman who murdered his own family and a great many rabbis.' According to the OED, the term is 'chiefly with allusion to Shakespeare's use' in Hamlet.
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