Global Trade Alert
Global Trade Alert

Russian Federation: Higher Reserve Requirement on Liabilities in Foreign Currency

Announcement

31 May 2019

On 31 May 2019, the Russian Central Bank increased reserve requirement on liabilities denominated in foreign currency. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jul 2019

Revocation date:

No revocation date

Updated: 31 May 2019
Controls on credit operations In force

On 31 May 2019, the Bank of Russia decided to raise Russian banks' reserve requirements on foreign-currency-denominated liabilities to individuals by 1 percentage poin...

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