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MOSCOW, December 3. /TASS/. Central Bank of Russia (CBR) foreign currency interventions have reached 36.87 billion rubles or around $700 million on December 1, the monetary regulator said at its website.
The CBR has not made foreign currency interventions since November 10 when the corridor of the US dollar/euro basket and regular interventions were canceled. Meanwhile the monetary regulator noted that CBR’s new approach to transactions on the domestic market did not imply full abandonment of foreign currency interventions and they were possible in case of threats to financial stability.
On December 1, the ruble has hit new lows at Moscow foreign currency exchange. The US dollar exchange rate went up to 53.95 rubles and the euro to 67.3 rubles. After this the CBR has made interventions on the market that caused the US dollar and euro exchange rates falling by about 1.5 rubles for 20 minutes.