The Central Bank of the Russian Federation has sufficient liquid reserves to maintain financial stability

According to a report by the Central Bank of Russia last year, the regulator has enough liquid reserve assets to maintain financial stability and carry out necessary operations.”The liquid reserve assets of the Bank of Russia are sufficient to maintain financial stability, perform necessary operations and perform other tasks for which these assets can be used. Against the background of an active transition of market participants to the use of the Chinese yuan in payments and financial instruments, the presence of reserves in this currency allows the Bank of Russia to effectively perform its function of preventing and reducing risks to financial stability,” the regulator said in a statement.Also read: Putin urged not to let inflation pick up or slow down too sharply.