ruble

The Russian ruble is back in the headlines as the oil dependent currency is trading over 6% lower on the over-the-counter foreign exchange market, following a sovereign downgrade by Standard & Poor's.

Monday, 26/01/2015 | 18:53 GMT by Victor Golovtchenko

Brokers

Belarus Scraps Foreign Exchange Purchase Tax for Companies

The Belarusian government has also reduced the rate which residents pay to 10% from 30%, while the local Belarusian ruble was devalued by 15% in two steps undertaken by the local central bank.

Wednesday, 07/01/2015 | 20:03 GMT by Victor Golovtchenko

Payments

Belarus Introduces 30% Tax on Bank Card Transactions Buying Foreign Currency

All clients from Belarus will have to pay a transaction cost of 30% if they are transferring funds from a Belorussian ruble linked credit or debit card to the foreign currency of their trading account.

Monday, 22/12/2014 | 15:12 GMT by Victor Golovtchenko

Analysis

Russian Currency Implosion Dominates Financial News, Fintech's Trading-Startups Space Heating Up

Forex Magnates spotlights this week's top news from around the world, starting with the massive Ruble liquidity squeeze all the way to the brand new trading innovations from Silicon Valley and beyond.

Sunday, 21/12/2014 | 09:49 GMT by Avi Mizrahi

News

Will Russians Turn to Bitcoin as Ruble Crumbles? Volumes Increase but Ban Looms

Friday, 19/12/2014 | 10:00 GMT by Leon Pick

Analysis

China Keeping an Eye on Ruble, Might be Called Upon to Help Russia Deal with Liquidity Crisis

The ¥150 billion ($24 billion) swap might not be enough for Russia even if it is used in its entirety considering its current state. It will be used as a way of showing China's growing financial clout in the world.

Thursday, 18/12/2014 | 13:25 GMT by Avi Mizrahi

Analysis

Ruble Liquidity Dead as Interbank Market Dries, LMAX next to Suspend Trading

Trading in the ruble has 'quieted' down a bit today, but liquidity remains a problem as trading of the currency on several major platforms remains suspended or limited today.

Wednesday, 17/12/2014 | 13:54 GMT by Ron Finberg

Analysis

Russian Finance Ministry Commits $7 Billion to Prop up Ruble, FX Market Yawns

A month after the official abandonment of the trading corridor which was acting as a backstop against excessive moves on the forex market, the Russian central bank is facing an endless volatility conundrum.

Wednesday, 17/12/2014 | 12:41 GMT by Victor Golovtchenko

Analysis

Central Bank of Russia Tries to Squeeze Cash and Dry FX Liquidity to Fight off Speculators

The Russian central bank is taking alternative methods to boost the weakening Ruble after it stopped selling USD to sustain the previous trading band. Explanation given is "to prevent games on the currency market."

Tuesday, 11/11/2014 | 17:18 GMT by Avi Mizrahi

Analysis

Putin Tries to Reassure APEC Investors Amid Ruble Record Lows

Speaking in front of the Asia Pacific Economic Co-operation summit in Beijing, Mr. Putin asserted that the Rouble’s drop was “absolutely not related to fundamental economic reasons”, promising an equilibrium "soon.”

Monday, 10/11/2014 | 14:25 GMT by Avi Mizrahi

Technology

Bank of China Takes New Leaps to Enhance China-Russia Co-operation

Two leading players from the BRICS have extended their business co-operation. Bank of China and the Moscow Exchange have signed a memorandum of understanding as they strengthen their financial markets partnership.

Monday, 13/10/2014 | 17:15 GMT by Adil Siddiqui

Analysis

Russian Central Bank Conducts Ruble Intervention and Widens Trading Band

A political crisis in the Ukraine leads to economic calamities in Russia and forces the central bank to defend the Ruble in multiple bouts of intervention already this week. When it comes to fighting the tide, resistance is futile.

Wednesday, 08/10/2014 | 11:42 GMT by George Tchetvertakov

Analysis

Russia Scrambles to Defend Ruble Amid Capital Security Concerns

The CBR is rumoured to be on the verge of implementing capital controls for the first time since 1998, as the country maintains its overwhelming dependence on lofty oil prices and artificial market controls in ruble flows.

Wednesday, 01/10/2014 | 11:35 GMT by George Tchetvertakov

News

Reports: Russia plans on banning Bitcoin, again reversing stance

Sunday, 03/08/2014 | 14:28 GMT by Leon Pick

Brokers

Alpari RU Expands Client Coverage with Yuan, Shekel, Lira and Rand Offering

Increasing its slate of available trading instruments, Alpari RU has announced the launch of six new forex pairs. Heading the list are the USD/CNH and USD/ILS which are new currencies to appear at the RU unit.

Monday, 26/05/2014 | 14:26 GMT by Ron Finberg

Brokers

IC Markets to Launch Chinese Yuan and Russian Ruble Trading

Seeing customer demand and reacting to trading volatility, Australian IC Markets is launching trading in the Chinese yuan (USD/CNH) and Russian ruble (USD/RUB) on both its MT4 and cTrader platforms.

Wednesday, 05/03/2014 | 09:37 GMT by Ron Finberg

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