Government permits Treasury to buy currency directly from market

MOSCOW, Dec 5 (PRIME) -- The government has permitted the Federal Treasury to buy foreign currency directly from the market via a bourse, not from the central bank with all the spare cash that accumulates at a unified federal budget account, as seen by PRIME on the government’s Web site on Tuesday.

The Federal Treasury invests spare funds in various financial instruments. Diversification will make the account more liquid and raise its performance, the government said.

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