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Russian Central Bank to reduce use of dollar and euro

The bank recommended that Russian state companies convert their dollar and euro savings into the currencies of non-sanctioned countries.

Russian Central Bank to reduce use of dollar and euro

The Central Bank of Russia stated that the use of the US dollar and euro carries risks due to the steps taken by unfriendly countries, and announced that additional measures will be introduced to help accelerate the process of moving away from these currencies and to reduce banking transactions in such currencies.

In the report "Financial market: New challenges in current conditions" published by the Central Bank of Russia, it was stated that the stability of financial institutions and their participation in the structural transformation of the economy are one of the main priorities.

Pointing out that the role of development-oriented institutions and state guarantees will increase significantly in the near future, it was also emphasized that the expansion of debt and equity instruments to finance economic development is extremely important.

In the report, which warned that the steps taken by Western countries, which Russia determined as unfriendly countries, increased financial risks, the report said, "The blocking of Russian assets by unfriendly countries and operational restrictions on payments in world reserve currencies create risks for citizens and businesses when using US dollars and euros. " it was said.

Rusya Merkez Bankası'nın bu para birimlerinin Rusya'da kullanımını azaltmak için adımlar atacağı belirtilen raporda, "Söz konusu para birimlerinden uzaklaşma sürecini hızlandırmak ve bu tür para birimlerinde bankacılık işlemlerini azaltmak için ek tedbirler getirilecek. para birimleri." ifadesi yer aldı.

Raporda ayrıca Rus hükümetine, Rus devlet şirketlerinin dolar ve euro tasarruflarını yaptırım uygulanmayan ülkelerin para birimlerine dönüştürmeleri tavsiye edildi.

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