Latest Central Bank of Russia Stories
Russia's largest financial organization, Sberbank, announced that a Bitcoin alternative may appear in Russia soon.
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....
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.
- A coin originally worth six pennies Scots, and later three; held equivalent to an English halfpenny.
- (in plural) Money; cash.