Russian top diplomat shares his impressions from meeting with US leaderRussian Politics & Diplomacy July 21, 20:31
Lavrov bewildered US special services give no facts of Russia’s meddling in US electionRussian Politics & Diplomacy July 21, 19:46
Putin says USSR collapse had greatest impact on himSociety & Culture July 21, 18:37
Putin expects Russian-European Mars landing mission to crown with successScience & Space July 21, 18:21
Key facts about ExxonMobil and its business in RussiaBusiness & Economy July 21, 18:14
Nemtsov’s daughter appeals against verdict on her father’s murder with Supreme CourtSociety & Culture July 21, 18:03
Chinese Navy warships arrive in Russian Baltic port for joint drillsMilitary & Defense July 21, 17:57
This week in photos: Putin’s binoculars, Macron's hug and Berlin’s welcome for UK heirsSociety & Culture July 21, 17:43
Putin discloses his code name at intelligence schoolSociety & Culture July 21, 17:39
MOSCOW, January 28. /ITAR-TASS/. The Central Bank of Russia on Monday, January 27, widened the boundaries of the floating currency trading band by 15 kopecks against the dollar-euro currency basket (consists of $0.55 U.S. and €0.45), a bank official said on Tuesday, January 28.
According to the authority, the present-day ruble trading band of the Central Bank is established at 33.65-40.65 rubles. Thus, the Bank of Russia has widened the boundaries of the trading band by 15 kopecks for the first time since October 2011.
The Central Bank of Russia uses the bi-currency basket mechanism in order to edge consequences of acute fluctuations in the currency rates. The boundaries of the corridor are automatically revised by five kopecks when accumulated currency interventions reach $350 million.
However, during the trading session on the Moscow Interbank Currency Exchange (MICEX) the cost of the bi-currency basket increased by 33 kopecks and reached the point of 40.64 rubles, thus exceeding the upper boundary of the CBR currency corridor of 40.50 rubles by 15 kopecks.