Cbank sells 3.6 bln rbl foreign currency at domestic market

MOSCOW, Mar 12 (PRIME) -- Russia’s central bank sold 3.6 billion rubles of foreign currency on the domestic market with settlements on Wednesday, according to documents of the regulator seen by PRIME on Thursday.

On Monday, the regulator decided to suspend purchases of foreign currency under the budget rule for 30 days in order to raise predictability of activities of monetary authorities and to reduce of the volatility of financial markets in the conditions of significant global oil price changes.

On Tuesday, the authority decided to start preemptive sales of foreign currency in order to support financial stability, as the Finance Ministry will be able to start selling foreign currency from the National Wealth Fund only in April.

(71.4729 rubles – U.S. $1)

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