Date: 6 months ago   Category: Finance

The Central Bank called a condition of renewal of purchases of currency for the Ministry of Finance — Rambler News Service


Photo: Natalya of Seliverstov/RIA Novosti of the Central Bank can resume purchases of currency for the Ministry of Finance in case within September decrease in volatility and in the Russian market, and, first of all, in the global markets is observed, the director of the department of monetary policy of the Central Bank Alexey Zabotkin has said during the performance at the Moscow financial forum. "If within September decrease in volatility and in the Russian market, and, first of all, in the global markets, to levels which were observed to an August episode is observed, then respectively, purchases, probably, will be resumed" — he has told. Zabotkin has reminded that purchases of currency are stopped until the end of September, and the decision on their restoration will be made on the basis of a situation within the current month. On August 23 the Central Bank has reported that until the end of September it won't buy currency in domestic market for the Ministry of Finance for decrease in volatility of the financial markets. The Ministry of Finance has noted that "in case of the increased volatility in the financial markets the Bank of Russia can involve the whole range of tools for maintenance of financial stability, including also operations on purchase/foreign currency sales in the open market". In materials on the website of the Ministry of Finance it was also noted, the Federal Treasury will buy from the Central Bank currency without commission of equivalent purchases of foreign currency by the Bank of Russia in the domestic foreign exchange market.

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