Bank of Russia sells foreign currency worth over $133 mln with settlements on April 6
The Russian Finance Ministry resumed FX sell operations in the domestic FX market as part of the new fiscal rule mechanism on January 13, 2023
MOSCOW, April 7. /TASS/. Russia’s Central Bank sold foreign currency worth 11 bln rubles ($133.5 mln) on the domestic market with settlements on April 6, according to data published on the regulator’s website on Friday.
On April 5, no forex sale transactions were carried out on the domestic market.
The Finance Ministry said earlier that it would allocate 74.6 bln rubles ($939 mln) for sale of foreign currency from April 7, 2023, to May 5, 2023, respectively, with daily foreign currency sales equaling 3.7 bln rubles.
The Russian Finance Ministry resumed FX sell operations in the domestic FX market as part of the new fiscal rule mechanism on January 13, 2023. Purchase and sales transactions of foreign currency are carried out by the Bank of Russia on the domestic market in the currency section of Moscow Exchange in the ‘Chinese yuan-ruble’ instrument.