Ruble Gains as Central Bank Pledges to Help Cover Foreign Debt
The ruble strengthened after the Bank of Russia said it would back borrowers saddled with $ 61 billion of external debt payments over the next four months and locked out of foreign markets by sanctions over Ukraine. Central bank Governor Elvira …
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Govt Securitises US0 Million RBZ Debt
The securitisation of part of that debt means that government has taken over assets underlying that debt, which is now secured. It can now begin repayment of the RBZ debt through issuance of debt instruments such as Treasury Bills to banks and other …
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