The Ministry of Finance called for tighter currency control – Kommersant
[ad_1]
Finance Minister Anton Siluanov said that his department and the Central Bank are looking for a consensus on the issue of currency control. He noted that the Ministry of Finance is now in favor of tighter control, and the Central Bank – for softer measures – in contrast to the previous positions of the departments, which were opposite.
“Earlier, the Central Bank was a very strict follower of upholding the topic of currency control, we are the opposite – the Ministry of Finance was more liberal. Now things have changed: we are in favor of tougher measures regarding control over flows, since the situation is well-known, the Central Bank, on the contrary, has taken a liberal position here,” Anton Siluanov said on conferences “10 Years of the Mega-Regulator: Yesterday, Today, Tomorrow”.
“But it’s okay, we still, I’m sure, we will find joint solutions and get closer,” said the Minister of Finance.
The head of the Bank of Russia, Elvira Nabiullina, said that the Bank of Russia does not want to create difficulties for economic agents.
The fact that the Central Bank, the head of the Ministry of Economy Maxim Reshetnikov and presidential aide Maxim Oreshkin opposed the idea of Anton Siluanov to tighten currency control, earlier reported Bloomberg sources. According to the agency, the Minister of Finance proposed to oblige exporters to sell up to 90% of foreign exchange earnings. The Central Bank and Mr. Oreshkin spoke out against it, while other participants in the meeting joined them.
Due to the depreciation of the ruble on August 15, the Central Bank decided to raise the key rate immediately by 3.5 percentage points, to 12%. The Central Bank explained this decision by the need to limit the risks to price stability.
More details – in the material “Kommersant” “Go dig”.
[ad_2]
Source link
