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.
18 Oct 2018