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Cbank buys 6.2 bln rbl foreign currency for fin ministry Tue - Prime

March 09, 2017 | Prime

Russia’s central bank bought 6.2 billion rubles worth of foreign currency with settlements on Tuesday on the domestic market in interests of the Finance Ministry, according to documents seen by PRIME on Thursday.

In January, the ministry said it planned to enter the currency market to minimize dependence of the ruble rate on oil prices. The ministry wanted to spend 6.3 billion rubles a day to buy foreign currency from February 7 through Monday, using the forecasted 113.1 billion rubles of additional oil and gas revenue of the budget for February.

The ministry said later it will allocate 3.2 billion rubles daily for foreign currency purchases from the market from Tuesday till April 6.

The central bank said that the real volume of operations may differ from the planned amount due to differences in exchange rates and to rounding up or down. In February, the regulator bought 88.3 billion rubles worth of foreign currency.

(58.2630 rubles – U.S. $1)

Company: Bank of Russia

Full company nameCentral Bank of Russian Federation
Country of riskRussia
Country of registrationRussia

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