Last week the Russian Central Bank sold 1 trillion roubles worth of bonds to Russian banks to raise money to cover the 2024 government deficit. Many of the banks lacked the funds to buy, so now the Central Bank is loaning them money to buy it's own bonds.
Last week the Russian Central Bank sold 1 trillion roubles worth of bonds to Russian banks to raise money to cover the 2024 government deficit. Many of the banks lacked the funds to buy, so now the Central Bank is loaning them money to buy it's own bonds.