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Central Bank of Russia continues raising trading band of bi-currency basket

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

© ITAR-TASS/Sergei Bobylev

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.

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