Support The Moscow Times!

Central Bank Provides $51 Million at First Dollar Repo Auction

The Central Bank said Thursday that it had provided $51.1 million at its first one-week dollar repo auction.

The repo was provided at an average yield of 2.1207 percent.

The auction was the second to be held under a scheme to provide up to $50 billion in foreign currency repos to banks to offset a shortage of foreign currency liquidity.

On Wednesday, the Central Bank provided $201.2 million at its first 28-day dollar repo auction.

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.