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Russian firms cut forex loans, exposure in Oct -central bank

Russia's central bank says inflationary expectations edge down in December
Russia's central bank says inflationary expectations edge down in December Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
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MOSCOW - Russian companies reduced their foreign currency loans by $7.4 billion last month and have also cut forex holdings on the accounts by $11.1 billion, the central bank said on Monday.

Since the start of this year, forex holdings by Russian companies are down by $28 billion, the central bank added.

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