Date: 6 months ago   Category: Finance

The Central Bank has temporarily refused purchase of currency for the Ministry of Finance — Rambler News Service


Photo: Natalya of Seliverstov/RIA Novosti the Bank of Russia from now on and until the end of September won't buy currency in domestic market for the Ministry of Finance for decrease in volatility of the financial markets, follows from the message of the regulator. "The Bank of Russia has made the decision not to carry out purchase of foreign currency in domestic market within realization of the mechanism of the budgetary rule since August 23, 2018 until the end of September, 2018" — it is said in the statement. Such decision is made for increase in predictability of actions of the monetary authorities and decrease in volatility of the financial markets, the Central Bank has noted. The press service of the regulator has noted that "the decision on renewal of purchase of foreign currency within performance of the mechanism of the budgetary rule will be made taking into account the actual situation in the financial markets which will be observed within September, 2018". During the period from August 9 to August 16 the Bank of Russia didn't buy currency in domestic market. On August 17 the regulator has bought currency for the sum of 17,5 billion rubles. Last time the Central Bank has bought in domestic market for the Ministry of Finance currency for the total amount of 20,1 billion rubles on August 21. Today dollar exchange rate to ruble at the Moscow Exchange exceeded 69 rubles for the first time since April, 2016.

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