MOSCOW, Mar 14 (PRIME) -- The Russian treasury will start putting budget funds on replenishable deposits or offer them to banks with foreign currency as collateral in 2017, Finance Minister Anton Siluanov said at a ministerial meeting on Tuesday.
“The treasury will have to ensure money placement on recurring deposits with banks this year with the right of an early withdrawal or with foreign currency as a pledge, so-called currency swaps,” Siluanov said.
Siluanov also said that the treasury is managing budget funds effectively and added 80 billion rubles to the budget in 2016.
(59.1327 rubles – U.S. $1)
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