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Georgia s central bank spends $60 million to support lari amid political crisis

Georgia's central bank said on Thursday it had spent $60 million in reserves to support the lari after a surge in demand for foreign currency, its largest such intervention since May 2021. Georgia has been mired in a political crisis over a bill on "foreign agents" passed by parliament on Tuesday, which critics say is authoritarian and Kremlin-inspired. The National Bank of Georgia said the decision to intervene was taken amid "excess demand for currency, which created additional pressure on the exchange rate of the Georgian lari".

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Georgia s Central Bank Spends $60 Million to Support Lari Amid Political Crisis

Georgia s Central Bank Spends $60 Million to Support Lari Amid Political Crisis
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Russian rouble rebounds from near 15-month low as Ukraine fears ease

The rouble soared on Thursday, pulling away from the near 15-month low hit in the previous session and extending gains after Russia said even the idea of war with Ukraine was unacceptable, soothing.

United statesUnited kingdomBarbara lewisSubhranshu sahuVladimir abramovBoris johnsonTimur maksimovFinance minister timur maksimovReserve chairman jerome powellPrime minister boris johnsonAlexander marrowRashmi aich

SAVETI DOKTORA SERGEJA ZA ZDRAVO MRŠAVLJENJE: I čaj goji, ako se uzima u ovo vreme

SAVETI DOKTORA SERGEJA ZA ZDRAVO MRŠAVLJENJE: I čaj goji, ako se uzima u ovo vreme
alo.rs - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alo.rs Daily Mail and Mail on Sunday newspapers.

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Russia sells largest OFZ bonds chunk since before U S sanctions

By Reuters Staff 3 Min Read MOSCOW, July 28 (Reuters) - The Russian finance ministry on Wednesday sold the largest amount of its OFZ treasury bonds at weekly auctions since April 14, the eve of the day when the United States announced new sanctions against Russia. Russia’s borrowing success comes after the inflow of foreigners’ money into OFZ bonds last week increased at its fastest pace so far this year, amid expectations that a sharp rate hike by the central bank could hasten the end of the monetary tightening cycle. The country’s central bank on Friday raised it key rate by 100 basis points to 6.5% to curb stubbornly high inflation and indicated that further rate increases were still possible.

United statesArnak grigoryanVladimir abramovSteve orlofskyAndrey ostroukhThomson reuters trust principlesThomson reuters trustஒன்றுபட்டது மாநிலங்களில்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை