Official: Russian cbank can start to issue bonds in early 2017

MOSCOW, Nov 9 (PRIME) -- The Russian central bank is technically ready to start issuing bonds but economic conditions can become favorable only at the beginning of 2017, Igor Dmitriyev, head of the monetary and credit policies department, told reporters on Wednesday.

“The first slight liquidity surplus occurred on Monday, structural surplus. It can remain unstable until the end of the year but some time from January it will become sustainable and economic preconditions to issue OBRs should be created,” Dmitriyev said.

Monday’s structural liquidity surplus amounted to 26 billion rubles.

First Deputy Chairwoman Ksenia Yudayeva said then that that start of OBR issuance will require legislative changes.

(63.7364 rubles – U.S. $1)

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