Russia Seeks to Mobilize Internal Reserves Amid Dollar Liquidity Shortage
Bonds & Loans
Published: 15 August 2018 08:35
The Russian Central Bank tentatively confirmed that the banking sector is experiencing a dollar liquidity deficit. In an apparent push to de-dollarize the economy, it may for now resist from intervening, hoping to encourage more local currency borrowing. But inaction could pile additional pressure on the rouble in coming months.