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Russia’s national currency and banking system continue to gain strength

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нацвалюта.jpg (500×333)Key 2017 trends include an increase in the current account balance, a reduction in net capital outflows and growth in the Bank of Russia’s international reserves.

The combined euro and US dollar exchange rate against the rouble fell by 4.3% in February to below RUB 60. The Bank of Russia Board of Directors retained its key rate at its current level of 10% p.a. Official international reserves rose by USD 9 bn.

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