SAWT BEIRUT INTERNATIONAL

| 3 December 2022, Saturday |

Russian cenbank says will start FX interventions as rouble tanks

The Russian central bank said on Thursday that it will begin intervening in the currency market and provide more liquidity to the banking sector in order to ensure financial stability.

“The Bank of Russia has decided to initiate interventions in the foreign exchange market to stabilize the situation on the financial market,” the central bank said in a statement, adding that it and other financial institutions “have clear action plans for every eventuality.”

On Thursday, the rouble hit an all-time low after President Vladimir Putin ordered a “special military action” in Ukraine.

    Source:
  • AFP