The headline is a bit sensational (clickbait) but the head of the Central Bank of Russia is positive about considering it, although she doesn't see it as the priority. The Central Bank of Russia (CBR) is studying a proposal to create a gold-backed cryptocurrency, which could be used for cross-border settlements with other countries.The bold proposal was made by Russia’s State Duma member Vladimir Gutenev. He has suggested initiating discussion to set up national cryptocurrency, denominated...
Read More »Joaquin Flores — Russian Central Bank: Sanctions Do Not Have Decisive Impact on Economy
Sanctions do not have a decisive impact on economic growth in Russia, said Elvira Nabiullina. The head of the regulator spoke at a press conference with journalists today. “With regard to sanctions risks, geopolitical, we, of course, take this into account as one of the significant factors in forecasting the development of the economy. But I want to say that, in general, the economy is adapting to these sanctions, and we see that the growth rates are now close to potential. This factor...
Read More »Paul Antonopoulos — [Central] Banker: Russian inflation will be about 3% in early 2018 – economy continues to grow despite US sanctions
Russian economy on track in spite of sanctions.Fort Russ[Central] Banker:Russian inflation will be about 3% in early 2018 - economy continues to grow despite US sanctionsPaul Antonopoulos
Read More »Tom Luongo — Bank of Russia’s Worries Stifling Growth
The Bank of Russia continues to sabotage Russia's economic recovery by over-estimating the effects of a hostile U.S. Congress. Who's afraid of the big bad wolf? Elvira Nabiullina. Russia InsiderBank of Russia’s Worries Stifling GrowthTom Luongo
Read More »Russia Feed — Russia’s Central Bank cuts key rate to 8.5%
This is about the Russian economy, not just the rate reduction. Significant for those following Russia, the Russian economic outlook, and the RUB. Russia FeedRussia’s Central Bank cuts key rate to 8.5% AlexanderAlsoRussia’s Central Bank says oil price could sink in 2018
Read More »Elvira Nabiullina — Bank of Russia’s strategic objectives and plans for the next five years
Speech by Ms Elvira Nabiullina, Governor of the Bank of Russia, at the International Financial Congress, Moscow, 13 July 2017. BISElvira Nabiullina: Bank of Russia's strategic objectives and plans for the next five years
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