Russian Central Bank Says There Is No Plan to Implement Capital Controls

Russia’s central bank said on Tuesday it did not plan to implement “any kind” of capital controls, after a news report saying the bank was considering such controls sent the ruble plunging to a new all-time against a dollar-euro basket.

“With regards to a number of media reports, the Bank of Russia informs that it is not considering the introduction of any kind of restrictions on the cross-border movement of capital,” the bank said in a statement.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza