Russian banks are urged to avoid the Euro


www.vsyako.netPhoto: Monika Skolimowska /

The Bank of Russia has urged the Russian credit institutions to avoid transactions in Euro, as they ceased to be profitable. About it in interview to newspaper Handelsblatt the head of the Russian Central Bank Elvira Nabiullina.

Chairman of the Central Bank explained that due to the prohibition of negative interest on deposits, Russian banks were forced to raise service charges of euroscicon. As a result, such a savings account is hardly profitable for investors.

The Governor added that the Bank of Russia ensures that the Russian credit institutions did not go to too high currency risks.

Video, photo All from Russia.


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