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Medvedev asks exporter companies to sell currency revenues ‘rhythmically’

December 17, 2014, 16:39 UTC+3
Russian Prime Minister Dmitry Medvedev ordered First Vice-Premier Igor Shuvalov on Wednesday to daily monitor the sale of exporters’ foreign currency proceeds on the market
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Russian Prime Minister Dmitry Medvedev

Russian Prime Minister Dmitry Medvedev

© Dmitry Astakhov/Russian government's press service/TASS

MOSCOW, December 17. /TASS/. Russian Prime Minister Dmitry Medvedev has addressed the heads of exporter companies with a reminder the sales of hard currency earnings should be rhythmic and stable.

According to the government’s press-service, at Wednesday’s meeting with the economic segment of the Cabinet of Ministers and the exporter companies’ chiefs Medvedev said their chief task was to maintain “rhythmic and stable sales of foreign currency incomes in order to prevent sudden fluctuations in the ruble’s exchange rate.”

Russian Prime Minister Dmitry Medvedev ordered First Vice-Premier Igor Shuvalov on Wednesday to daily monitor the sale of exporters’ foreign currency proceeds on the market.

The Russian premier gave the instruction after a meeting with the government’s economic bloc and the heads of the country’s largest exporter companies, the government’s press office said. This work should be carried out jointly with the Central Bank and the Federal Financial Monitoring Agency, the press office said.

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