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Business & Finance

Russian central bank could launch dollar and euro repos by end of October

Published October 10, 2014 Updated October 10, 2014 03:07pm
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By Shoaib Ur Rehman
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imageMOSCOW: The Russian central bank is considering launching repos in dollars and euros by the end of this month, Interfax news agency reported on Friday citing Deputy Central Bank Governor Ksenia Yudaeva.

Earlier this month central bank governor Elvira Nabiullina said that the bank was planning to introduce foreign currency repos within a few weeks.

She said that the new facility would help Russian companies and banks deal with problems caused by the closure of external markets.

Copyright Reuters, 2014

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