Fin Min sets yuan purchases at 13.15 bln rbl/day for Thu–Oct 5

MOSCOW, Sep 5 (PRIME) -- Russia’s Finance Ministry will spend 276.16 billion rubles, or 13.15 billion rubles every day to purchase the Chinese yuan and gold under the budget rule from Thursday through October 5, the authority said in a statement on Tuesday.

The central bank will not mirror the purchases to the internal market, the ministry also said.

The ministry said that the sum is the difference between Russia’s windfall energy income of 279.12 billion rubles expected in September, and of minus 2.96 billion rubles received in August.

The volume of the currency sales amounted to 40.5 billion rubles, or 1.8 billion rubles per day, in the period from August 7 through Wednesday.

(96.6199 rubles – U.S. $1)

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