Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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The main events by the morning: October 15


October, 15 2024
watermark Economic news

  • Barter is returning: the Ural customs has completed the first transaction with a Chinese company. China sent household appliances and building materials, and Russia sent flax seeds. Customs Chief Alexey Frolov noted that barter avoids problems with currency fluctuations and bank delays.


  • The Bank of Russia plans to tighten the rules for microfinance organizations. The first innovation is a restriction on obtaining loans: borrowers will be able to take only one microloan until it is fully repaid, and a new one can be issued only three days after the completion of the previous one. The second is to reduce the maximum level of overpayment on consumer loans from 130% to 100%.


  • Russia's external debt in relation to GDP has fallen to a historic low of 14.5%. According to the Central Bank, Russia's external public debt has been steadily declining over the past few years: in 2020, this figure was 31%, in 2022 -16.8%, and in 2023 – 15.7%. The minimum amount of debt per Russian citizen since 2005 is $2,008.


  • The United States has condemned China's military exercises near Taiwan. Pentagon spokesman Patrick Ryder called the exercises, which began the day before, «irresponsible, disproportionate and destabilizing.» According to him, the exercises are connected with an ambiguous statement by the President of Taiwan, which China used as an excuse for provocation, despite the fact that the appeal was routine.


  • North Korea blew up sections of roads on the border with South Korea. According to the Yonhap news agency, two road lines, Kenison and Tonghe, were blown up. Against the background of these events, the South Korean military declared increased combat readiness.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.