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Bank of Russia sells foreign currency worth $25 mln with settlements on May 11

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, May 12. /TASS/. Russia’s Central Bank sold foreign currency worth 2 bln rubles ($25.8 mln) on the domestic market with settlements on May 11, according to data published on the regulator’s website.

The Finance Ministry said earlier that it would allocate 40.4 bln rubles for sale of foreign currency from May 10, 2023 to June 6, 2023, with daily foreign currency sales equaling 2 bln rubles ($25 mln).

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.

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Russian Supreme Court upholds Navalny verdict

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