Min to start foreign currency purchases Fri, spend 7.1 bln rbl/day - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Min to start foreign currency purchases Fri, spend 7.1 bln rbl/day

Money06MOSCOW, Jan 13 (PRIME) -- The Russian Finance Ministry will return to foreign currency purchases suspended in March 2020 and will spend 106.3 billion rubles in the period from Friday until February 4, or 7.1 billion rubles a day, the ministry said in a statement on Wednesday.

The additional oil and gas income of the federal budget due to higher than estimated oil prices is seen at 73.5 billion rubles in the period. In December, the additional oil and gas income due to a higher oil price was 32.7 billion rubles.

The Finance Ministry buys foreign currency for additional oil and gas revenue of the federal budget and transfers the money to the National Wealth Fund if the average oil price is above a figure defined by the budget rule. But if the price is below the level, the ministry starts selling foreign currency in order to cover the budget deficit. For 2020, the cut-off oil price is U.S. $42.4 per barrel.

(74.2663 rubles – U.S. $1)


13.01.2021 12:57
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 88.9677 -0.1806 22 jan
USD 73.3694 +0.0144 22 jan
Stock Market Indices
1D 1W 1M 1Y
rtsi 1405.14 -1.38 17:14 05 jan
micex 3343.42 -0.21 17:14 05 jan
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 212.52 -0.09 16:58 05 jan
lkoh 5245.00 +0.62 16:58 05 jan
rosn 439.20 +0.73 16:58 05 jan
sber 272.07 +0.03 16:57 05 jan
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 91.2400 +1.0475 14:59 30 dec
USDTD 74.7675 +1.1025 17:44 30 dec