Regulatory Announcements

On amending required reserve ratios

The Bank of Russia decided to raise from 1 July 2019 the required reserve ratios on FX liabilities to individuals held by credit institutions with universal licence, base licence and non-banking credit institutions by 1 percentage point – up to 8.0%.

This measure is intended to discourage growth of FX denominated liabilities in credit institutions’ liability structure.

Required reserve ratios on credit institutions’ liabilities in the currency of the Russian Federation remain unchanged...

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