Alexander Arshavsky

 Russian financial system stabilizes

Russian financial system stabilizes

Russia's financial system is much more stable than 10 years ago, Russian Central Bank Governor Elvira Nabiullina told a banking congress in St Petersburg. At the same time she noted that some government measures may …

Dollar breaks 55 ruble mark

Dollar breaks 55 ruble mark

The dollar exchange rate declined on the Moscow Stock Exchange today and was worth 55.76 rubles, as of 10:10. The dollar exchange rate was lower than 56 rubles for the first time since the end of 2017, RIA Novosti …

Russia's Central Bank cuts key rate to 7.75%

Russia's Central Bank cuts key rate to 7.75%

The board of directors of Russia’s Central Bank cut its key interest rate by 50 basis points to 7.75% from 8.25%. The central bank said it would also consider cutting the key rate next year because inflation had slipped below …

Armenia to establish national money transfer system

Armenia to establish national money transfer system

A new money transfer system will start operating in Armenia in 2017. Russian money transfer systems previously work directly with local banks. The initiative was put forward by the National Bank of Armenia. It is expected that this will …

Central Bank of Russia maintains key interest rate at 11%

Central Bank of Russia maintains key interest rate at 11%

The Board of Directors of the Russian Central Bank decided to keep its key interest rate at 11%, based on the results of its meeting today. According to the press service of the Central Bank, despite certain stabilization on financial …

Ruble stabilizes for now

Ruble stabilizes for now

After a significant fall, the dollar and the euro are making active attempts to stabilize their positions. After a sharp upward trend on October 12th and 13th the US and European currencies slightly ...