Monday 13 October 2014

Russian Central Bank Spent Around $6 Billion in 10 Days to Defend Ruble | News | The Moscow Times

Russian Central Bank Spent Around $6 Billion in 10 Days to Defend Ruble | News | The Moscow Times:



"Russia's Central Bank has spent around $6 billion defending the ruble in the past 10 days, the bank's Governor Elvira Nabiullina said Monday.



Nabiullina added that the situation on the currency market was under control.



The ruble has weakened around 18 percent against the dollar so far this year, pressured by falling oil prices, dollar strength and risk aversion to Russian assets due to Western sanctions over the Ukraine crisis."



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