Cbank buys 26 bln rbl of foreign currency from market on Nov 19 - Financial Wire - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Cbank buys 26 bln rbl of foreign currency from market on Nov 19

MOSCOW, Nov 22 (PRIME) -- RussiaТs central bank bought 25.9 billion rubles of foreign currency from the market with settlement on November 19, according to the regulatorТs documents seen by PRIME on Monday.

The Finance Ministry resumed foreign currency purchases under the budget rule on January 15, after suspension in March 2020.

The amount of planned currency purchases in the period from November 9 through December 6 stands at 518.2 billion rubles, or 25.9 billion rubles a day.

Now the Finance Ministry is allowed to buy not only foreign currency but also gold for the National Wealth Fund under the budget rule. Russia aims at a gold share of 20% in the fund.

(72.7617 Ц U.S. $1)

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22.11.2021 10:24
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