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Egyptian Gazette
Home Business

Russia says wants rouble rate to be determined by market

by News Wires
April 16, 2022
in Business
Russian 100-rouble banknotes are placed on a cashier's desk at a supermarket in the Siberian town of Tara in the Omsk region, Russia, on December 14, 2021.

Russian 100-rouble banknotes are placed on a cashier's desk at a supermarket in the Siberian town of Tara in the Omsk region, Russia, on December 14, 2021.

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MOSCOW – The Russian central bank has imposed foreign exchange controls to support liquidity but aims to preserve market pricing principles and a rouble exchange rated determined by the market, the bank’s first deputy governor said.

Ksenia Yudayeva said avvording to Reuters that the Russian economy and its financial sector were in good shape before Feb. 24, and now many companies were experiencing the need to find new suppliers and logistics.

Tags: BUSINESSRoublesRussia

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