Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 23/05/2022 21:10 
24.01.2022 17:27 News >> Russian Central Bank To Halt Foreign Currency Purchases As Ruble Losing Ground

Russian Central Bank To Halt Foreign Currency Purchases As Ruble Losing Ground

Move aims to reduce volatility of financial markets, says central bank.

The Russian Central Bank decided on Monday to halt foreign currency purchases to stop the ruble from losing ground amid the tension over Ukraine.
"The Central Bank of Russian Federation decided not to purchase foreign currency on the domestic market as part of the implementation of the fiscal rule mechanism from 15: 00 Moscow time on Jan 24," it said in a statement.
Russia's national currency has plummeted against the greenback, with the US dollar/ruble exchange rate nearing 79.00 around 13.10GMT, its lowest level since March 2020
The move aims to boost the predictability of actions of monetary authorities and reduce volatility in the financial markets, the bank said.
Russia recently amassed tens of thousands of troops near Ukraine's eastern border, prompting fears that Kremlin could be planning another military offensive against its ex-Soviet neighbor.
Moscow has denied it is preparing to invade and said its troops are there for exercises. It has, instead, issued a list of security demands to calm the existing tensions, including Ukraine pledging not to join NATO. -



        Latest News
Turkiye Urges Sweden To Give 'Concrete Assurances' For Its NATO Bid -29 minutes ago...
Ankara stipulates conditions such as ending political, financial, arms support to PKK/PYD, lifting of arms embargoes, sanctions imposed against Turkiye.
US Says 20 Nations Pledging New Arms Shipments For Ukraine -29 minutes ago...
Aid includes artillery ammunition, coastal defense systems, tanks, armored vehicles, Defense Secretary Lloyd Austin says.
EU Leaders Set To Approve Credit To Support Ukraine 1 minutes ago...
EU foreign ministers meet to prepare for next week's summit of heads of state, governments.
Turkish Health Minister, WHO Chief Meet In Geneva 1 minutes ago...
Fahrettin Koca tells Tedros Adhanom Ghebreyesus that Turkiye especially focuses on Africa's access to COVID 19 vaccines.
Spain Welcomes EU's Decision To Suspend Budget Rule -44 minutes ago...
Fiscal rules to be suspended for another year due to rising energy prices, supply disruptions, says European Commission.

 
      Top News
Turkish Health Minister, WHO Chief Meet In Geneva Turkish Health Minister, WHO Chief Meet In Geneva
Turkish President Receives Students From Serbia's Novi Pazar Turkish Cultural Center Turkish President Receives Students From Serbia's Novi Pazar Turkish Cultural Center
Turkiye-Africa Media Summit To Be Held In Istanbul On Occasion Of Africa Day Turkiye-Africa Media Summit To Be Held In Istanbul On Occasion Of Africa Day
Somalia's New President Takes Charge Of Office Somalia's New President Takes Charge Of Office
Russia Says 3 Ukrainian Fighter Jets, 13 Drones Downed Overnight Russia Says 3 Ukrainian Fighter Jets, 13 Drones Downed Overnight
Policies Of 'Muslim Middle Powers' Can No Longer Be Dictated By West: Pakistani Senator Policies Of 'Muslim Middle Powers' Can No Longer Be Dictated By West: Pakistani Senator
AC Milan Win Italian Serie A Title After 11 Years AC Milan Win Italian Serie A Title After 11 Years
Turkish Americans Hold Parade, Festival In New York City Turkish Americans Hold Parade, Festival In New York City
Representatives Of 5 Countries Walk Away APEC Meeting To Protest Russia Representatives Of 5 Countries Walk Away APEC Meeting To Protest Russia
'Suits Me Very Well': Ex-French Foreign Minister Takes Dig At Australia's Morrison's Defeat 'Suits Me Very Well': Ex-French Foreign Minister Takes Dig At Australia's Morrison's Defeat