Central Bank of Russia to start intervention in currency market

11:50 - 24.02.2022


February 24, Fineko/abc.az. The Central Bank of Russia has decided to launch interventions in the foreign exchange market to stabilize the situation in the financial market.

ABC.AZ reports that the Russian bank also made a decision to conduct operations today to provide additional liquidity to banks.

"The Central Bank of Russia and financial institutions have clear action plans for any scenario," the Russian bank says.

Today, the ruble has sharply fallen in price, and the US dollar exchange rate has exceeded 110 rubles.