Bank of Russia says key rate could well be raised again in month
The Bank of Russia admits an increase in the key rate as early as at the next meeting of its board of directors, the regulator’s …
banks
Russia and Iran stress importance of use of national currencies in trade
Issues of strengthening trade exchanges and the use of national currencies in bilateral trade were the focus of talks between Russian Central Bank Governor Elvira Nabiullina and her Iranian counterpart, Mohammad-Reza Farzin, in Tehran on …
Banks of Kazakhstan to be allowed to export rubles
Kazakh banks will be able to export Russian rubles again. The restriction on the export of the currency of a neighboring state until the end of this year can be lifted in early summer.
Bank of Russia keeps key rate unchanged
Russia’s Central Bank has kept the key rate at 7.5% per annum for the fifth consecutive time, noting that it would consider the necessity of key rate hike to stabilize inflation at the targeted level of 4% at its forthcoming meetings. …
Turkish banks may become guarantor of Russia's part of grain deal
Turkish Foreign Minister Mevlut Cavusoglu said that late last month UN Secretary General Antonio Guterres proposed that Turkish banks could help process payments to Russia. Cavusoglu told TV 100 channel that the Turkish Banks …
Venezuela to bring good news on MIR cards soon
Moscow and Caracas have advanced in the development of a system of exchange of financial messages, bypassing SWIFT, and the use of Russia's MIR payment system in Venezuela, Venezuelan Foreign Minister Yvan Gil Pinto told the joint news …
Russia extends restrictions on sending currency abroad
Russia's Central Bank extended restrictions on currency transfers abroad six additional months, through September 30, 2023, the regulator said. Therefore, Russian citizens and individuals who are residents from friendly countries …
Raiffeisen eyes Russia unit sale or spinoff
Raiffeisen Bank International (RBI) CEO Johann Strobl told the meeting the bank would pursue a possible sale or spin-off of its Russian business. According to him, it would continue to reduce activity in Russia while it …
Russia and Iran link their banking systems
The banking payment systems of Russia and Iran are already connected with each other, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi said. He noted that the banks will soon be able to open accounts for companies …
Bank of Russia keeps key rate unchanged
Russia’s Central Bank has kept its key rate at 7.5% per annum for the fourth time running, noting the rate increase possibility should pro-inflation risks intensify, according to a statement released by the regulator. "The …
Tinkoff suspends money transfers to Turkey
Russia’s Tinkoff Bank announced it has stopped money transfers to Turkey amid the Western sanctions. "Regrettably, we cannot transfer money to this country. Due to the sanctions, …
National Bank of Georgia announces bidding for procurement of instant payment
Georgia's National Bank has announced an open international tender for the procurement of an Instant Payment System (IPS), to be implemented in compliance with the procurement procedures of the World Bank. All payment system …
Central Bank: sanctions against Russian banks don't create systemic risks
The recent inclusion of a number of Russian banks into sanction lists is not perceived as a shock anymore, Governor of the Russian Central Bank Elvira Nabiullina said. "The recent inclusion of new banks into sanction lists is not …
Turkish central bank cuts key rate
Turkey's central bank lowered its key rate by 50 basis points to 8.5% on Thursday. "It has become even more important to keep financial conditions supportive to preserve the growth momentum in industrial production and the …
Mongolia to start accepting MIR cards
Soon, Russian Mir cards will be accepted in some banks in Mongolia.
Russia’s international reserves up $3.1 bln over week
Russia’s international reserves gained $3.1 bln or by 0.5% over the week and amounted to $597.7 bln as of January 27, 2023, the Central Bank said on Thursday. "The amount of international reserves as of January 27 totaled …
Popular bank may exit Russia
Raiffeisen Bank International AG is evaluating all strategic options for Raiffeisenbank's future in Russia, including an elaborate exit from Raiffeisenbank, according to the group's statement. The net profit of the Russian …
GCC banks adjust debt instruments
Interest rates in the Gulf have been rising quickly as central banks matched course with the US
Russian banks to earn up to $20 bln in 2023
Russian banks may earn up to 1.5 trillion rubles ($20.7 bln) in 2023, which is a 1.5-fold increase compared with the record profit of 2021, according to a note on the country’s banking sector posted on the PSB Analytics Telegram …
Cyber attack against Iran’s Central Bank repelled
A major cyberattack against the Central Bank of Iran (CBI) was neutralized, according to an Iranian cyber security official. The general director of the Infrastructure Communication Company notified that a significant DDoS attack …
