Cbank opposes obligatory foreign currency revenue repatriation - News Archive - 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

Cbank opposes obligatory foreign currency revenue repatriation

MOSCOW, Apr 12 (PRIME) -- The central bank sees no need in returning to obligatory foreign currency repatriation, because the exporters pay for imports with the money, Chairwoman Elvira Nabiullina said Wednesday.

"Concerning the need to return to repatriation of foreign currency revenue and other foreign currency restrictions. We do not think we should not do this. The fact that the companies keep revenue abroad allows them to pay for necessary imports," the official said.

The exporters continue to sell foreign currency revenue voluntarily, although the amount has slightly declined, she said.

End

12.04.2023 10:34
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.7776 -0.1202 18 may
USD 90.9873 +0.0634 18 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3501.89 +0.45 18:51 17 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 155.21 -1.69 23:14 17 may
lkoh 7843.50 +1.67 23:14 17 may
rosn 592.60 0.00 23:50 17 may
sber 322.91 0.00 23:50 17 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 98.5225 -0.1775 14:59 17 may
USDTD 90.9700 -0.0075 17:44 17 may