Azerbaijan and Armenia report armed clashes in Karabakh conflict areaWorld February 25, 11:45
Head of Russian delegation to OSCE PA says Ukraine not ready for dialogueRussian Politics & Diplomacy February 25, 5:02
Russian baritone Hvorostovsky cancels concerts due to continuing treatmentSociety & Culture February 25, 3:22
Russian prime minister declares 3rd Winter World Military Games openMilitary & Defense February 24, 22:33
Russia to veto UNSC resolution imposing sanctions on Syria — envoyRussian Politics & Diplomacy February 24, 22:29
Ukrainian MP Savchenko arrives in Donetsk republic to visit Ukrainian prisoners — agencyWorld February 24, 22:25
Russian Defense Ministry surprised over German MPs reaction to Reichstag miniature plansRussian Politics & Diplomacy February 24, 16:32
Iraq's PM orders airstrikes on IS positions in SyriaWorld February 24, 16:09
Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
MOSCOW, January 29. /ITAR-TASS/. The Bank of Russia (CBR) January 28 has widened the floating bi-currency trading band for 5 kopeks (which consists of $0.55 and €0.45), CBR reported.
The Bank of Russia uses the bi-currency basket to level the consequences of acute currency rate fluctuations. When the volume of accumulated support of CBR on one of the trading band limits reaches $350 million, the trading band is immediately shifted for 5 kopeks.
January 27, the Bank of Russia for the first time since October 2011 has widened the floating bi-currency trading band up for 15 kopeks. The limits were set at 33.65-40.65 rubles.
During the previous week (January 20-24), the ruble rate to dollar dropped by 96 kopeks, and ruble-euro rate dropped by 160 kopeks, according to MICEX data.
The biggest drop of the ruble was registered on Thursday and Friday (January 23-24). January 23, the exchange rate of euro to ruble rose on MICEX by 81 kopeks to 46.77 rubles, renewing the maximum since February 2009, and on January 24 it covered the limit of 47 rubles and set a historical record of 47.36 rubles for €1.