Foreigners, foreign banks buy 221 bln rbl foreign currency in Aug - 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

Foreigners, foreign banks buy 221 bln rbl foreign currency in Aug

MOSCOW, Sep 9 (PRIME) -- Foreigners and subsidiaries of foreign banks bought 221 billion rubles worth of foreign currency in Russia in August, the highest monthly amount since the beginning of 2019, the central bank said in a report on Monday.

УIn the framework of shutting down of this (carry-trade) strategy, non-residents and subsidiaries of foreign banks bought foreign currency worth 221 billion rubles in the reporting period, which is the highest figure for 2019,Ф the regulator said.

УThe combined currency swap position of non-residents and subsidiaries of foreign banks shrank to almost zero in August. At the same time, subsidiaries of foreign banks became net creditors in foreign currencies, while non-residents remain as net borrowers in foreign currencies. Reduction in attractiveness of carry-trade operations due to gradual reduction of ruble rates could help in creation of this trend in August, as well as weakening of the ruble in August.Ф

Introduction of new sanctions and volatility on the Russian currency market did not hurt stability of the foreign currency liquidity in the month, mainly due to a currency buffer that banks had accumulated, the central bank said.

(65.9981 rubles Ц U.S. $1)


09.09.2019 15:14
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.2391 +0.6351 19 sep
USD 64.4290 +0.3077 19 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1377.61 -0.33 11:31 19 sep
micex 2807.45 -0.40 11:31 19 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 232.87 -0.25 11:14 19 sep
lkoh 5431.50 -0.65 11:14 19 sep
rosn 425.90 -0.02 11:14 19 sep
sber 235.17 -0.06 11:14 19 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.9700 +0.2825 14:59 19 sep
USDTD 64.2000 -0.1575 17:44 19 sep