Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
MOSCOW, June 14. /TASS/. There is no need at present to introduce compulsory sales of forex revenues by exporters, Russian Central bank chief Elvira Nabiullina said on Tuesday.
"In our opinion, there is no need to impose any restrictions or compulsory sales at present," she said.
The Central bank is monitoring forex revenues sales by exporters that are regular and stable and the floating exchange rate demotivated exporters from suspending foreign currency sales, Nabiullina added.
According to the bank's chief, it is not reasonable to ban microfinance loans in Russia.
"In our view it would be shortsightedly to ban microfinance loans. The demand for short-term loans is there," she said, adding that "people will turn to illegal money lenders in case of lack of regulated business."
Nabiullina added that Russian banks will repay their foreign currency debts to thebank by the end of 2017.
"We assume that the banks will repay their debts in foreign currency to us (the Central Bank - TASS) by the end of next year," she said.