Banks

The Central Bank of Russia has revealed a new method of fraud by fake "bank employees" who offer to exchange cashback for rubles.

Russia may annex the Kherson Region the same way as it annexed Crimea.

The freezing of the foreign exchange part of the reserves of the Central Bank will lead to the fact that the central banks of other countries will want to rethink the need to place reserves in dollars and euros.

Kirill Stremousov, deputy head of the military-civilian administration (CAA) of the Kherson region, said that Kyiv intends to disconnect the region from the banking system.

There may not be enough Russian chips for bank cards if demand grows, Alexander Baranov, Candidate of Economic Sciences, told FBA Economics Today.

The Central Bank of the Russian Federation said that Russian banks have significantly reduced the volume of stocks of precious metals.

The central bank has reduced the key rate by three percentage points to 11 percent per annum, according to the regulator's website.

Banks began to pay extra for the exchange of dollars for rubles on the market due to the more expensive exchange of dollars for rubles than direct loans in rubles. RBC writes about it.

A strong ruble can reduce the amount of revenues to the Russian budget, said the director of the Higher School of Finance of the REU. Plekhanov Konstantin Ordov.

The Bank of Russia denied the information that appeared in the media about the purchase of foreign currency from exporters to curb the ruble from a sharp appreciation.

Residents of Russia began to complain more often about banks that fell under Western sanctions, the Central Bank of the Russian Federation reported.

In Russia, the preferential mortgage rate may be reduced from 9% to 7%. This was announced to Izvestia in the State Duma.

The United States has yet to default on Russia as Washington waits for a more opportune moment to sow panic among Russians, economist Vasily Koltashov said.

In the first quarter of 2022, 2,115 counterfeit banknotes with a face value of two thousand rubles were detected in Russia, which is 5.5 times more compared to the same period a year earlier.

In the current difficult economic situation in the country, the safest and most reliable way to invest money is a ruble deposit in a bank.