Support The Moscow Times!

Russia Central Bank Shifts Trading Band by 35 Kopeks

Russia's Central Bank said Tuesday that it had conducted 102.3 billion rubles' ($2.42 billion) worth of forex interventions to defend the ruble on Oct. 24. The Central Bank releases its interventions data with a time lag. The ruble has been sliding on falling oil prices and broad risk aversion toward Russia because of its role in the Ukraine crisis.

Russia's Central Bank also said Tuesday that it had shifted the ruble's trading band by 35 kopeks a day earlier, following market interventions to curb the pace of currency's decline.

As of Oct. 27, the ruble's new floating corridor extended from 38.40 to 47.40 against a dollar-euro basket, compared with 38.05 to 47.05 previously.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more