Date: 8 months ago   Category: Finance

The Ministry of Finance has explained the mechanism of implementation of the budgetary rule after refusal of the Central Bank of purchases of currency — Rambler News Service


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, it is told in materials on the website of the Ministry of Finance. "Taking into account the decision made by the Bank of Russia not to carry out purchase of foreign currency in domestic market within realization of the mechanism of the budgetary rule, converting of the specified means until the end of September, 2018 will be carried out by purchase of foreign currency by Federal Treasury from the Bank of Russia without commission of equivalent purchases of foreign currency by the Bank of Russia in the domestic foreign exchange market", - it is said in the statement. The total volume of means which the Ministry of Finance plans to direct to purchase of currency in September will be 426,9 billion rubles. The Ministry of Finance has emphasized that the Central Bank will make the decision on renewal of purchase of foreign currency in the open market taking into account the actual situation in the financial markets which will be observed within September, 2018. The Ministry of Finance has reminded that the budgetary policy since 2017 is pursued in strict accordance with a new design of "the budgetary rules". "It promotes decrease in influence of market condition of energy carriers on internal economic conditions and provides long-term balance and stability of public finances", - have added in department. 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 particular, it can be realized in the form of full or partial reduction (increase) of the volumes of operations relayed on the domestic foreign exchange market within realization of the mechanism of "the budgetary rules". From the point of view of the budgetary policy change of the volumes of operations relayed on the domestic foreign exchange market within realization of the mechanism of "the budgetary rules" doesn't lead to change of volumes of formation (use) of resources of the national welfare fund and doesn't interfere with realization of the mechanism of "the budgetary rules"", - have explained in the Ministry of Finance.

URL:

Representatives of the USA and Great Britain will be invited to the Crimea to the Yalta conference in the 2020th year, the cochairman of the Business Russia organization Andrey Nazarov said, acting on YaMEF. "The Yalta conference will be devoted to the 75 anniversary of those Yalta agreements which were signed with Union States in 1945. We will inv...


Photo: ITAR-TASS Belarus intends to discuss with Transneft compensation because of intake of low-quality oil, the chairman of Belneftekhim concern Andrey Rybakov said, BELTA tells. "Proceeding from uniqueness of the equipment its repair will take half a year and more. If to speak about monetary value, then these are at least tens of millions of dol...


Photo: RIA Novosti Sberbank and Rambler Group agreed on terms of transaction on entry of structures of bank into the capital of holding of Alexander Mamut, RBC with reference to two sources close to the transaction reports. According to them, the board approved the transaction, the decision was unanimous. Officially can announce the transaction nex...


Photo: The Wife of the candidate for president of Ukraine Vladimir Zelensky Elena Zelenskaya is included by RIA Novosti in the database of the Ukrainian website "Peacekeeper", is reported in the section of the website "Purgatory". "Informant of fighters of NVF. After information on complicity extended 20.04.2019, removed the page" — it is said in t...


The Ministry of Telecom and Mass Communications prepared amendments to the law "About Media" which specify an order of possession of foreigners of the Russian media. The draft of amendments is published on the federal portal of drafts of standard and legal acts. According to amendments, the foreigners and people having dual citizenship can particip...


The Yalta international economic forum-2019 was attended by 4.5 thousand people from 89 countries, the cochairman of the Business Russia organization Andrey Nazarov said during the performance at a forum. "Total number of participants of a forum — 4564 persons from 89 countries" — Nazarov said. He emphasized that the forum was attended by 615 journ...