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Russian treasury to auction $2 bln deposits on January 30

January 27, 2017 | Prime

Russia’s Federal Treasury will offer U.S. $2 billion worth of 29-day deposits to banks at an auction on January 30, as seen by PRIME in documents of the authority on Friday.

The minimum interest is set at 0.7% annually. The funds will be placed on January 31 and returned on March 1.

The treasury and the Finance Ministry launched the auctions for placement of temporarily spare federal budget money on deposits with banks in 2008.

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