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Bank of Russia sells foreign currency worth over $40 mln with settlements on August 4

The Russian Finance Ministry said earlier that it would allocate $386 mln for sale of foreign currency from July 7 to August 4

MOSCOW, August 7. /TASS/. Russia’s Central Bank sold foreign currency worth 4 bln rubles ($41.5 mln) on the domestic market with settlements on August 4, according to data published on the regulator’s website.

The regulator also sold foreign currency in the amount of 4 bln rubles on the domestic market with settlements on August 3.

The Finance Ministry said earlier that it would allocate 34.89 bln rubles ($386 mln) for sale of foreign currency from July 7 to August 4, 2023, with daily foreign currency sales equaling 1.7 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.

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Central Bank of Russia Finance Ministry

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