Cbank asks banks to cut currency exchange spreads to 10 rbl

MOSCOW, Mar 30 (PRIME) -- The central bank recommended that banks reduce the difference between the purchase and sales rates of currencies to 10 rubles and that importers reduce the difference with the market exchange rate to 2 rubles, the authority said on its Telegram channel on Wednesday.

"The situation on the currency market is gradually normalizing, and the Central Bank of Russia sees the possibility of recommending that the banks cut the spreads to 10 rubles. Special conditions are set for importers with a spread of no wider than 2 rubles from the exchange rate," the central bank said.

The difference between of the sales and purchases rate in some banks and the market exchange rate stood at up to 20–25 rubles earlier in 2022.

(86.2843 rubles – U.S. $1)  

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