Interbank, Russian, ruble, central bank. “Russia’s central bank more than doubled its key policy rate on Monday and introduced some capital controls as the country faced deepening economic isolation, but its governor said sanctions had stopped it selling foreign currency to prop up the rouble.” See article here. Source: US News and World Report.
Interbank, Russia, rouble. “Russia’s rouble tumbled to trade above 100 a dollar on Monday, as investors fretted about the fallout from biting Western sanctions against the country, but a slew of central bank measures including a large rate hike helped it off record lows.” See article here. Source: Nasdaq.
Interbank, Russia, oil markets. “The heavy new round of sanctions on Russia by the U.S. and its allies are likely to push oil prices — and inflation — even higher.” See article here. Source: CNBC.
Interbank, banks, liquidity. “Banks are an essential part of the financial eco-system. Their collapse can have a cascading effect on the rest of the economy.” See article here. Source: Capital.com.
Interbank, China, overnight rate. “The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, edged up 0.3 basis points to 2.234 percent Monday.” See article here. Source: China.org.cn.
Interbank, Pakistan. “The Interbank US dollar (USD) against Pakistani rupee (PKR) Closing exchange rate is Rs175.25 at 8:30 am PST on March 1st, 2022.” See article here. Source: BOL News.
Foreign exchange rates as of 8:54 am AST
EUR/USD=1.11917
GBP/USD=1.33881
USD/CAD=1.27352
USD/MXN=20.5102
USD/JPY=115.336
USD/NGN=415.632
USD/INR=75.3584
USD/CNY=6.3095
Source: OANDA
Dollar Index=97.01
Source: MarketWatch
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Disclaimer: The above is provided for informational purposes and should not be construed as financial or legal advice or as creating an agreement to provide financial or legal advice.
Alton Drew 