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Russian Central Bank Begins Foreign Exchange Sale
Russia's Central Bank will begin selling foreign currency for the first time in 5 years after a hard fall in oil prices.
Yazar: Zack Smith
Yayınlanma: 12 Mart 2020 00:23
Güncellenme: 6 Nisan 2024 05:41
Russian Central Bank Begins Foreign Exchange Sale
Russia's Central Bank will begin selling foreign currency for the first time in 5 years after a hard fall in oil prices. The Central Bank of Russia will start selling foreign currency. The rouble had become one of the currencies with its value falling the most after the harsh collapse in crude oil prices. The bank said it would begin selling foreign currency today. The bank announced on its website that this development was intended to reduce the downturn in financial markets due to significant changes in the world oil market. The number of foreign exchange interventions was not specified. Russia's Finance Minister had earlier said yesterday that he would start selling foreign currency if oil prices were mired below $ 42.40 per barrel.İLGİLİ HABERLER
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