currencies

World faces a crisis of confidence in dollar

World faces a crisis of confidence in dollar

The level of the world's confidence in dollar continues to decline, which hurts the existing international financial system, National University of Singapore politics professor Huang Jing said on the sidelines of …

Russian finance minister: rouble overvalued by 10-12%

Russian finance minister: rouble overvalued by 10-12%

Russian Finance Minister Anton Siluanov said that the rouble is overvalued by up to 12%, making it a good time for foreign currency purchases under which the ministry may buy at least $1 billion in 2017

 Russian finance ministry plans to buy FX bypassing Central Bank

Russian finance ministry plans to buy FX bypassing Central Bank

The treasury - which is a part of the Russian finance ministry - may start independently buying foreign currency on the market without the central bank involvement from 2018, the head of the treasury, Roman Artyukhin, …

Andrei Kostin: dollar to decline by six rubles

Andrei Kostin: dollar to decline by six rubles

Until the end of 2017, the ruble exchange rate may strengthen by 10%, the head of VTB Andrey Kostin said. "We believe that the ruble had to strengthen, but it was before  the government announced the …

Euro falls below 60 rubles

Euro falls below 60 rubles

The euro exchange rate fell to 59 rubles at the Moscow Exchange for the first time since June 3, 2015. As of 11:02 (MSK), the euro exchange rate reached 59.88 rubles. The dollar exchange rate, in turn, declined by 0.46 …

Dollar back at 60

Dollar back at 60

Today during trades on the Moscow Stock Exchange the dollar passed psychological barrier of 60 rubles per $1. For some time the US currency drifted around 59,9-60,05 rubles per $1, but then went up, gaining almost 1 ruble since trades …

Dollar to hit parity with euro in 2017

Dollar to hit parity with euro in 2017

The dollar is likely to hit parity with the euro during 2017 driven by diverging paths for interest rates, according to Goldman Sachs' chief economist. The Federal Reserve is likely to hike interest rates three times in 2017, …

 Ruble stars 2017 with increase

Ruble stars 2017 with increase

There was a decline in the dollar and the euro exchange rates today on the Moscow stock exchange.

Dollar exchange rate approaches 60 rubles

Dollar exchange rate approaches 60 rubles

There was a sharp decline in the dollar and the euro exchange rates today on the Moscow stock exchange. Dollar fell below 62 rubles for the first time since October and then updated its minimum of 2016, while the ruble rose against the …

Azerbaijan limits foreign currency remittances

Azerbaijan limits foreign currency remittances

Azerbaijan put limits on the foreign currency remittances carried out by individuals, residents and non-residents of the country, without opening a bank account. The changes made in accordance with the '“Rules of Operations on …

 WB ready to determine actual value of manat

WB ready to determine actual value of manat

The World Bank has published conditions for determining the actual value of the Azerbaijani currency. WB chief economist for Europe and Central Asia, Hans Timmer, said that if necessary conditions are created, the …

Turkish lira drops to 3.13 per $1

Turkish lira drops to 3.13 per $1

The Turkish lira exchange rate has dropped to 3.1375 per $1, which is a new anti-record, the Hurriyet newspaper reports. Experts believe that the decline of the Turkish national currency was caused by the morning's terrorist attack …

 Georgian Finance Ministry: lari starts strengthening

Georgian Finance Ministry: lari starts strengthening

The lari exchange rate will stabilize in the near future and in the medium term the Georgian national currency will continue strengthening its position, the Georgian Finance Minister Nodar Khaduri said. "There was …

Azerbaijani Central Bank stabilizes manat rate

Azerbaijani Central Bank stabilizes manat rate

The official exchange rate of Azerbaijan’s national currency, the manat, against the US dollar was set at 1.637 for September 20, Azerbaijan’s Central Bank (CBA) said, adding that the manat exchange rate was stabilized. …

Do Russians trust the ruble?

Do Russians trust the ruble?

The majority of Russians prefer to make savings in rubles. Interest in US dollar decreases, the All-Russian Public Opinion Research Center reports. Today the number of respondents who make savings …

Ruble continues to fall

Ruble continues to fall

The ruble exchange rate continues to fall. As of 10:00 MSK, the dollar reached the the level of 66.9 rubles on the Moscow Stock Exchange, gaining 0.26 rubles. In turn, the euro rose to 74.98 rubles, increasing by 0.11 rubles. …

 Dollar exchange rate reaches 65 rubles

Dollar exchange rate reaches 65 rubles

The dollar broke the barrier of 65 rubles on the Moscow stock exchange today for the fist time since June 27. The dollar exchange rate was worth 65.0325 rubles, the euro was worth 71.3225 rubles. The prices of Brent oil fell …

Yuan reaches new historic low

Yuan reaches new historic low

The People’s Bank of China weakened its yuan fix further this morning, down 122 pips to 6.6594 per dollar, the lowest since December 2010. The offshore yuan fell another 0.1% to 6.6818. According to many experts, the Chinese …

Brent price rises above $50

Brent price rises above $50

The prices of August futures for Brent oil have risen to $50.07 per dollar on the ICE Exchange in London, according to trading data. The exchange rate of the ruble grew today at the Moscow stock exchange by 1.14% to 64.1 rubles per …

People#039s Bank of China pumps $14.5 billion into market

People's Bank of China pumps $14.5 billion into market

The People's Bank of China (PBOC) conducted 95 billion yuan ($14.5 billion) in seven-day reverse repurchase agreements (repo), a process in which central banks purchase securities from banks with an agreement to resell them in the future. …

$50 per barrel significantly strengthens ruble

$50 per barrel significantly strengthens ruble

Rising oil prices caused appreciation of the ruble exchange rate in currency markets. As of 10:04, the cost of the futures of Brent crude oil on London's ICE trading reached $ 50.14 for the first time since November 2015, RBC …

 Yuan renews historical minimum

Yuan renews historical minimum

The People's Bank of China lowered the yuan official rate by 225 pips to 6.5693 yuan per dollar, fixing it to the lowest since March 2011. Earlier, the State Council of China and the People's Bank of China expressed …

Brent rises above $49 for first time since November

Brent rises above $49 for first time since November

The price of July futures of Brent crude oil rose 2.5% to $49.05 per barrel on London's ICE Futures exchange, overcoming the threshold of $49 a barrel for the first time since November 4th, 2015. The dollar exchange rate …

Dollar rises from one-year low

Dollar rises from one-year low

The dollar rose from a one-year low as Federal Reserve Bank of Atlanta President Dennis Lockhart called a June interest-rate increase “a real option,” helping stall the greenback’s slide, …

Kazakh tenge sets positive record for year

Kazakh tenge sets positive record for year

The national currency of Uzbekistan reached 337.17 tenge per dollar at the morning trading session of the Kazakhstan Stock Exchange (KASE), which is 3.77 tenges more than on the morning of April 8. The current rate of the tenge at …

Ruble ahead of the rest

Ruble ahead of the rest

The ruble strengthened last night as a result of trading at the Moscow Stock Exchange. Thus, the dollar has fallen in price by 8 cents and reached 68.45 rubles. The euro has fallen by 31 …

Euro reaches 80 rubles again

Euro reaches 80 rubles again

The euro has sharply increased against the Russian ruble during today's trading at the Moscow stock exchange. At 19:51 MSK, the European currency was 80.04 rubles. The dollar was at the level of 71 rubles. Thus, the euro …

Dollar below 73 rubles once during two months

Dollar below 73 rubles once during two months

The ruble has fallen at the Moscow stock exchange in comparison with the previous level of trading by 15 kopecks and reached 72.92 rubles to the dollar. At the same time, the euro rate rose by 5 kopecks to 79.90 rubles. The growth of …

Dollar – 74 rubles, euro – 83 rubles

Dollar – 74 rubles, euro – 83 rubles

The exchange rate of the ruble significantly grew today on the Moscow stock exchange after statements by the head of the Iranian Ministry of Oil, Bijan Namdar Zanganeh. As of 08:21 PM the dollar fell 2.92 rubles to …

Saudi Arabia eases rules on bank lending

Saudi Arabia eases rules on bank lending

Riyadh is easing rules on bank lending to stimulate growth in the largest Arab economy, informed sources report. The Saudi Arabian Monetary Agency (SAMA) has allowed banks to lend the equivalent of 90% of their deposits, up from an …