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Russian banks get rid of the dollar
News Agency pratha 124 04/18/2017
Possession of Russian banks fell from financial assets denominated in foreign currency during the year period by 7 trillion rubles, the equivalent of about $ 125 billion.
The data show that the banks and financial assets in foreign currency in Russia declined in the period between March / March 2016 and 2017 from 29 trillion rubles (about $ 517 billion) to 22 trillion rubles (about $ 392 billion).
Economists attributed this to the rise in Russian currency exchange rate, which rose against the dollar since March / March 2016 by 23%.
But the Russians are different from the direction of the direction of banks, where the data indicate that the share of deposits denominated in foreign currency of the total volume of deposits increased during the past two years, from 17% to 21%.
For his part, Russia's central bank says foreign currency loans decreased since the beginning of the year 2016 by $ 28 billion, in contrast rose during the same period, loans denominated in Russian rubles by 514 billion rubles.
A year ago, Elvira called Nabealina President of the Russian central bank operating in the Russian market banks to reduce the share of foreign financial assets has, pointing out that the reduction of the role of the participation of the dollar in the Russian economy is necessary to ensure financial stability.
(Dollar = 56 rubles on April / April 18)
http://burathanews.com/arabic/economic/316280
News Agency pratha 124 04/18/2017
Possession of Russian banks fell from financial assets denominated in foreign currency during the year period by 7 trillion rubles, the equivalent of about $ 125 billion.
The data show that the banks and financial assets in foreign currency in Russia declined in the period between March / March 2016 and 2017 from 29 trillion rubles (about $ 517 billion) to 22 trillion rubles (about $ 392 billion).
Economists attributed this to the rise in Russian currency exchange rate, which rose against the dollar since March / March 2016 by 23%.
But the Russians are different from the direction of the direction of banks, where the data indicate that the share of deposits denominated in foreign currency of the total volume of deposits increased during the past two years, from 17% to 21%.
For his part, Russia's central bank says foreign currency loans decreased since the beginning of the year 2016 by $ 28 billion, in contrast rose during the same period, loans denominated in Russian rubles by 514 billion rubles.
A year ago, Elvira called Nabealina President of the Russian central bank operating in the Russian market banks to reduce the share of foreign financial assets has, pointing out that the reduction of the role of the participation of the dollar in the Russian economy is necessary to ensure financial stability.
(Dollar = 56 rubles on April / April 18)
http://burathanews.com/arabic/economic/316280
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