Russian Central Bank Spent $76.1 Billion Defending Ruble in 2014
The Russian Central Bank’s net currency interventions in 2014 amounted to $76.13 billion and 5.41 billion euros, Interfax news agency reported Monday, citing Central Bank Data.
Interventions in the month of December amounted to $11.9 billion. The bank intervened heavily last year as the ruble slumped because of international tensions over the Ukraine crisis and plummeting prices for oil, Russia’s main export.
Source: the moschow times – Russian Central Bank Spent $76.1 Billion Defending Ruble in 2014
Related Posts
Russian Central Bank Says Ruble’s Recovery Over For Now
Russian Central Bank confirms $31 million stolen from accounts
The Russian Central Bank revoked Banking licence of a commercial Bank
ECB Weighs Further Action As Economic Picture Darkens- Russian Central Bank Defends Its Independence After Surprise Rate Cut
