Russian central bank halts US dollar purchases
The Russian central bank will suspend its operations on the foreign exchange market starting from Thursday to reduce ruble volatility Read Full Article at RT.com
The regulator will suspend its operations on the foreign exchange market to reduce ruble volatility
The Bank of Russia announced on Wednesday it will suspend US dollar purchases on the domestic foreign exchange from November 28 until the end of the year, to reduce market volatility.
The announcement came as the Russian currency slid to near-record lows, reaching 114 rubles against the US dollar on Wednesday.
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