Source Pravda.Ru

Banks Are Facing Shortage Of Ruble Liquidity

Following a significant buying of US currency by commercial banks on the first morning session this year, the balance on correspondent accounts considerably dropped today. This drop amounted to almost RUR10bn (about $327m) at all Russian banks and RUR7.5bn (about $245.3m) at banks located in Moscow and the Moscow region. In an interview with RBC, dealers drew attention to the fact that the balance on correspondent account had fallen by almost RUR58bn (about $1.9bn) at all banks in the country and by over RUR38bn (about $1.24bn) in the past four days. Today a lot of banks continued buying up dollars. It is quite likely that the balance on correspondent accounts will drop further tomorrow. Experts do not exclude the possibility that commercial banks may start facing problems with ruble liquidity by the end of this business day, because all payments for dollars, which were bought at the unified trading session, must be settled the same day. In any event, a mass buy-up of dollars on Wednesday and Thursday will inevitably cause a ruble liquidity crisis. In such circumstances, the Central Bank will immediately limit or even stop its currency interventions, which will be favorable for its gold and currency reserves, the experts said.

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

In recent years, genetics has become a cutting-edge science, not only in the professional field of biology, but also because of the enormous social reach of its discoveries and approaches. Not in vain, practically every day the press offers us the discovery of a new gene, a new hereditary determinant directly involved in the manifestation of diseases or physical characteristics.

The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
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