Russian banks run out of euros, dollars and yuan

(AGI) Moscow, Dec 17 - Russian banks are running out of dollarsand euros, as the rouble fails to stabilise. According to thenews agency Interfax, some small banks in Chelabinsk haveexhausted their stocks of euros and dollars and bank chiefsbelieve it unlikely these will be replenished in the next 24hours. At BKS bank the dollar was changing hands for 92.99roubles and 107.99 euros, and a two percent commission wasplaced on purchases of up to 1,000 dollars or 1,000 euros. Itwas difficult to get foreign currencies except at leading bankssuch as Sberbank and

(AGI) Moscow, Dec 17 - Russian banks are running out of dollarsand euros, as the rouble fails to stabilise. According to thenews agency Interfax, some small banks in Chelabinsk haveexhausted their stocks of euros and dollars and bank chiefsbelieve it unlikely these will be replenished in the next 24hours. At BKS bank the dollar was changing hands for 92.99roubles and 107.99 euros, and a two percent commission wasplaced on purchases of up to 1,000 dollars or 1,000 euros. Itwas difficult to get foreign currencies except at leading bankssuch as Sberbank and VTB 24. Several automated teller machinesat Khabarovsk, on the Chinese border, blocked withdrawals andran out of dollars, euros, yuan and yen. Newspapers werealready referring to "black Tuesday". The daily newspaperKommersant surveyed about a dozen banks in Moscow and reportedthat limits had been set on non-cash operations and sales ofdollars and euros. One branch of Rosbank was limitingtransactions to 100 euros or 300 dollars. The Otkritie bank setno limits, but staff said all they had left were 350 dollarsand 5,000 euros with more currency expected on Wednesday. Therewere no queues for foreign currency at Sberbank, and most ofthose waiting to change roubles were going on holiday abroad orsaid they were "buying euros in an attempt to save some moneyat least". Banks have started to raise interest rates on loansand there has been talk of a situation bordering on thehysterical. . .