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Finance Ministry’s purchase of currency not to affect rouble rate

June 19, 2013, 12:10 UTC+3
Head of Central Bank of Russia Sergei Ignatyev claims new rules for currency interventions are prepared
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MOSCOW, June 19 (Itar-Tass) - Russian Finance Ministry’s purchase of currency on the market will not affect the rouble exchange rate, the head of the Central Bank of Russia, Sergei Ignatyev, told a State Duma meeting on Wednesday.

“We prepared new rules for currency interventions. To supplement the Reserve Fund, the Finance Ministry will buy currency at the Central Bank, while the Central Bank will simultaneously buy these sums on the market and vice versa,” he said.

“These rules will not affect the rouble exchange rate,” he said.

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