Source Pravda.Ru

Banks experiencing problems with ruble liquidity

Balances of correspondent accounts at Russian commercial banks gainedconsiderably at the beginning of business today. This increase amounted tosome 13bn rubles (about $412m) throughout the country and to 11bn rubles(about $348m) at commercial banks in the Moscow region. This advance hasbeen the largest since August 1, i.e. for nearly a month. As a result thebalance of correspondent accounts at Russian commercial banks amounted to93.774 billion rubles (about $2.97bn) as of the beginning of business onAugust 30. The balance of the correspondent accounts at the banks in theMoscow region reached 58.012 billion rubles (about $1.84bn). These figureshave been the highest over the past two months, since July 2. Nevertheless,commercial banks have experienced serious problems with ruble liquidity inthe first half of the day. Evidence of this fact is high ruble creditrates. The one-day ruble credit rate is from nine to twelve percentcurrently. Taking into account the coming two days off, July 31 andSeptember 1, the overnight credit is in fact 27 percent to 36 percent,experts of a commercial bank said in an interview withRosBusinessConsulting..

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia

Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner

Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Comments
After Syria, Russia goes to Afghanistan
After Syria, Russia goes to Afghanistan
After Syria, Russia goes to Afghanistan
After Syria, Russia goes to Afghanistan
Americans obtain secret information about Russia’s new Avangard missiles
Putin parades Russia's new 'fantastic' weapons that no one else in the world has
Americans obtain secret information about Russia’s new Avangard missiles
Serbia will recognize Kosovo only over its dead body
Americans obtain secret information about Russia’s new Avangard missiles
Putin does not exclude war with Ukraine in Donbass
Russian party girl Nastya Rybka refuses to please Washington
Serbia will recognize Kosovo only over its dead body
Putin makes first public comment on Russian pension reform
Serbia will recognize Kosovo only over its dead body
Putin warns of consequences should Georgia and Ukraine become NATO members
The Big Brexit mistake
Putin makes first public comment on Russian pension reform
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body
Serbia will recognize Kosovo only over its dead body