Defense chief names strategically important regions for RussiaRussian Politics & Diplomacy May 24, 10:29
Russian defense contractor develops domestic air traffic control systemMilitary & Defense May 24, 9:45
New radar system enters combat duty in Russia’s Far EastMilitary & Defense May 24, 9:24
Language quotas for Ukraine’s TV will only fuel tensions — media groupSociety & Culture May 24, 8:49
Syrian troops repel militant attack west of Palmyra — mediaWorld May 24, 8:08
Foreign businesses lack state guarantees for their investment in RussiaBusiness & Economy May 24, 7:55
Russian 'soldier of the future' combat gear tested in SyriaMilitary & Defense May 24, 6:41
London police say investigation into Manchester blast ‘fast-moving’World May 24, 5:21
Investigators release Gogol-Center artistic director after questioningSociety & Culture May 24, 2:32
MOSCOW, March 4. /TASS/. Russia’s Central Bank is to raise its standards of obligatory currency reserves for national banks by 1 percentage point to 5.25% from April 1, 2016, except for obligations to physical persons, the regulator said in a press release on Friday.
According to the press release, this measure is aimed to discourage the growth of foreign exchange liabilities in the structure of liabilities of banks.
From April 1, 2016, the Central Bank sets the following reserve standards:
- for legal entities-non-residents, in the currency of the Russian Federation - 4.25%,
- for legal entities-non-residents, in foreign currency - 5.25%,
- for individuals, in Russian rubles - 4.25 %,
- for individuals, in foreign currency - 4.25%.
As for other obligations in the Russian currency the percentage requirement is set at 4.25%, for other liabilities in foreign currency - 5.25%.
The established standards are to be applied in the reporting period from April 1 to May 1, 2016. The ratio used by credit institutions for calculation of the average value of required reserves remained unchanged, according to the Central Bank press-release.