central bank

109 rubles against the dollar hit a record low Russia’s central bank: Moscow Exchange suspends stock trading | International | New Head Shell Newtalk

Central Bank of Russia.Figure: Flip through the Facebook of the Central Bank of Russia Russia’s invasion of Ukraine triggered economic sanctions by many countries. The United States, Canada and the European Union agreed to cut off major Russian banks from the SWIFT international settlement system. The Russian ruble fell to a record low today (28) … Read more

Invasion of Ukraine, Russia faces economic shock from sanctions

The Russians discovered on Monday morning the 28th the cost of the invasion of Ukraine. As soon as the markets opened, the ruble fell 30% against the dollar. The Russian central bank had to intervene urgently by increasing its key rate by 10 points to bring them to 20%. This intervention allowed the ruble to … Read more

EU tightens sanctions against Russia’s financial system – but not completely

Demonstration in London Broad wave of solidarity. (Foto: imago images/ZUMA Wire) Düsseldorf, New York, Brussels, Berlin, Frankfurt The EU, US and other Western allies further isolated Russia’s financial system over the weekend. First, they want to freeze the assets of the Russian central bank. On the other hand, the country’s most important credit institutions are to … Read more

Currency rates today, Sunday 27-2-2022 in Egyptian banks

The prices of Arab and foreign currencies against the Egyptian pound varied, at the beginning of morning trading today, Sunday 27-2-2022, in the banks operating in Egypt, as the price of the dollar against the pound was fixed at 15.64 pounds for purchase, and 15.74 pounds for sale, and the exchange rate of the Saudi … Read more

Western countries sanction Russian central bank

New hurdles for Russia Russia is said to feel severe consequences after invading Ukraine. (Photo: Archyde.com) New York The next round of sanctions against Russia also targets the Russian central bank. The Western states want to impose measures that “prevent the Russian central bank from using its international reserves in a way that undermines the … Read more

Dax outlook: The great uncertainty

Frankfurt European financial markets face an uncertain start to trading on Monday. How the week starts depends on the latest developments in the Ukraine war. This is already illustrated by the last two trading days of the past week. The major turmoil in the financial markets on Thursday was the direct result of the start … Read more

ECB chief economist sees Ukraine crisis as a very significant risk factor for Europe

Frankfurt The Ukraine crisis is also driving the European Central Bank (ECB) ahead of its forthcoming interest rate meeting. At the Governing Council meeting on March 10, a comprehensive assessment of the economic outlook will be made, including the latest geopolitical developments, ECB chief economist Philip Lane told the FAZ, according to the preliminary report. … Read more