Russians opt for euro over dollar

RUSSIA - Russians are buying more euros than dollars for the first time since the new European currency became available, according to the central bank.

The swing may signal the weakening grip in Russia of the US currency which has dominated the economy for most of the past decade. It comes after a 15% fall of the dollar against the euro this year.

Imports of euros by Russian banks had doubled year on year in June and July, said the bank.

Over $700m-worth of euros were imported in July, compared

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.