On 25 March 2011, the Central Bank issued Directive No. 2601-U increasing mandatory reserves required for various obligations of credit organizations. The Directive entered into force on 25 March 2011.
On 25 March 2011, the Central Bank issued Directive No. 2601-U increasing mandatory reserves required for various obligations of credit organizations. The Directive entered into force on 25 March 2011.
According to the Directive, starting from 1 April 2011 mandatory reserves for a credit organization's obligations (in rubles or foreign currencies) are as follows:
Under obligations to non-resident legal entities: 5.5%.