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Russia , Sunday 30 August 2026

Russia's central bank urged to put ruble exchange rate under 'manual control'

Published on: Thursday 20 August 2026

Russia's central bank urged to put ruble exchange rate under 'manual control' The Central Bank currently buys or sells foreign currency on behalf of the government. If oil prices exceed the level set in the budget, $59 per barrel in 2026, additional oil and gas revenue is used to buy foreign currency. If prices fall below that level, foreign currency is sold from reserves, supporting the ruble and replenishing state coffers....


News source: https://www.msn.com/en-us/money/markets/russia-s-central-bank-urged-to-put-ruble-exchange-rate-under-manual-control/ar-AA2aEhRz

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