Thursday, December 18, 2014

Central Bank may limit the difference of buying and selling currencies – BBC Russian

Central Bank may limit the difference of buying and selling currencies – BBC Russian

  • December 18, 2014

Post

Limitations spreads – the difference between the courses buying and selling currency at exchange offices – can be installed in Russia. This does not exclude the possibility of the Bank of Russia, said the deputy chairman of the Bank of Mikhail Sukhov.

Many banks in Russia have significantly expanded the spreads in the exchange of currency, taking advantage of the uncertainty in the foreign exchange market in recent days: the difference between the buying and selling of foreign currency reached 12-15 rubles.

The Central Bank does not set the size of spreads since 2004.

Sukhov said that it is necessary to see how long the banks will maintain wide spreads, and then decide whether restrictions.

“Any administrative measures have their pros and cons. But if to cool down, it is necessary to act tougher, we will proceed,” – said Sukhov, quoted by RIA Novosti.

LikeTweet

No comments:

Post a Comment