Cbank to raise foreign currency deposit reserves ratio from Aug 1

MOSCOW, Jul 23 (PRIME) -- Russia’s central bank will raise the regulatory ratio of banking reserves against foreign currency deposits by 1 percentage point starting from August 1 to limit growth of foreign currency liabilities, the regulator said in a statement on Monday.

The ratio of mandatory reserves against liabilities on foreign currency deposits of individuals will grow to 7%, and liabilities on foreign currency deposits of foreign companies or other liabilities to 8%.

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