Obama commutes sentence to Wikileaks leaker ManningWorld January 18, 4:54
Diplomat says UN may act as mediator at Astana talks between Damascus and oppositionRussian Politics & Diplomacy January 17, 21:31
Expert believes Brexit to bring UK closer to USWorld January 17, 20:29
Italian Foreign Ministry: It is necessary to assess conditions for returning to G8 formatWorld January 17, 20:04
Russia hopes ECHR will cancel its ruling on Dima Yakovlev Law — diplomatRussian Politics & Diplomacy January 17, 19:35
Preserving Moldova's neutrality impossible without partnership with Russia — presidentWorld January 17, 19:10
OPEC to monitor oil production, export — Saudi Arabian Energy MinisterBusiness & Economy January 17, 18:57
Group of Sukhoi-24M bombers to return from Syria soon — Defense MinistryMilitary & Defense January 17, 18:50
Russian reconciliation center reports over 1,130 Syrian settlements join ceasefireWorld January 17, 18:47
MOSCOW, February 24. /ITAR-TASS/. The Central Bank of Russia on Friday, February 21, widened the boundaries of the floating currency trading band by ten kopecks against the dollar-euro currency basket (consists of $0.55 and €0.45), a bank official said on Monday, February 24. Traditionally, the Bank of Russia announces changes to the trading band the next working day after they are introduced.
According to the authority, the present-day ruble trading band of the Central Bank is established at 35.00-42.00 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 Bank of Russia has raised the currency basket boundaries already for the twelfth time in February. 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, 2014.