Armed OSCE mission may be deployed to Donbass after security zones set up — diplomatRussian Politics & Diplomacy October 26, 18:18
Diplomat: Humanitarian organizations fail to ensure evacuation from AleppoRussian Politics & Diplomacy October 26, 18:15
First footage of post-Soviet Joint Air Defense System drillsMilitary & Defense October 26, 18:15
Putin says Kerch Bridge will allow to carry up 13 mln vehicles per yearBusiness & Economy October 26, 17:59
Another German delegation gearing up for possible visit to Crimea in JanuaryWorld October 26, 17:42
Russia expects opening of major oilfields in West Siberia next yearBusiness & Economy October 26, 17:37
Russian defense minister suggests joint engineering troops’ drills with IndiaMilitary & Defense October 26, 17:33
Russia calls on media to focus on Mosul’s children killed during US-led coalition strikesRussian Politics & Diplomacy October 26, 17:14
NATO discusses with Russia warplane transponder switch-on above Baltic Sea — StoltenbergWorld October 26, 17:13
MOSCOW, February 04. /ITAR-TASS/. The Central Bank of Russia on Monday, February 3, widened the boundaries of the floating currency trading band by 5 kopecks against the dollar-euro currency basket (consists of $0.55 and €0.45), a bank official said on Tuesday, February 4.According to the authority, the present-day ruble trading band of the Central Bank is established at 34.30-41.30 rubles.
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. The Central Bank announces changes to the trading band the next working day after they are introduced.
The regulator moved the limits of the bi-currency basket corridor up 24 times in January 2014 by a total of 1.20 rubles from 33.05-40.05 as of January 1.