The Central Bank refused to buy foreign currency under the budget rule until the end of the year – Kommersant
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From August 10 until the end of the year, the Bank of Russia will not buy foreign currency on the domestic market as part of the budget rule. This is necessary to reduce the volatility of financial markets. About it reported August 9, the press service of the regulator.
“The Bank of Russia decided from August 10 until the end of 2023 not to purchase foreign currency on the domestic market as part of the mirroring of regular operations of the Russian Ministry of Finance related to the implementation of the budget rule. The decision was made in order to reduce the volatility of financial markets,” the Central Bank said in a statement.
The news is being added.
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