In July, Russians stopped getting rid of foreign currency in cash for the first time since February 2003, according to the Russian Central Bank. Additionally, in July Russian citizens showed a greater interest in the dollar than in the euro mainly due to continuous weakening of the euro against the ruble starting in June.
In July 2003, the net demand for foreign currency in cash reached $972m, the normal level for July over the past three years. In the reported period, supply of foreign currency by private individuals stabilized which was not a typical development unlike seasonal rise in demand. The aggregate volume of foreign currency in cash increased by 7 percent to $8.6bn.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America