Patriarch Kirill urges compatriots to cherish spiritual ties with homelandSociety & Culture December 04, 2:40
Fidel Castro’s funeral to be held in Santiago de CubaWorld December 04, 1:50
38 ceasefire violations by militants reported in Syria in 24 hoursRussian Politics & Diplomacy December 04, 1:23
Boxer Gassiev beats Lebedev to become IBF cruiserweight world champSport December 04, 0:47
Uzbekistan to hold presidential electionWorld December 04, 0:45
Ukraine does not need position of president - TimoshenkoWorld December 03, 23:52
Russian Orthodox Church head arrives in France on pastoral visitSociety & Culture December 03, 23:45
Russia, Turkey should trade in national currencies, Erdogan told PutinWorld December 03, 23:43
Putin wishes success to Thailand's new kingRussian Politics & Diplomacy December 03, 21:08
MOSCOW, March 18. /ITAR-TASS/. The Central Bank of Russia on Monday, March 17, widened the boundaries of the floating currency trading band by five kopecks against the dollar-euro currency basket (consists of $0.55 and €0.45), a bank official said on Tuesday, March 18. Traditionally, the regulator announces changes to the trading band the next working day after they are introduced.
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.
Therefore, the Bank of Russia has taken the step to widen the boundaries of its bi-currency basket for the sixth time since the beginning of the current month. For comparison, in January, the authority raised the limits of the bi-currency basket corridor up 24 times by a total of 1.20 rubles. In February, the Bank made the decisions to the effect 17 times. As of January 1, 2014, the ruble trading band of the Central Bank was established at 33.05-40.05 rubles.