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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Russia allocates more than $ 2 billion to buy foreign currency from the domestic market

    Rocky
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    • Post n°1

    Russia allocates more than $ 2 billion to buy foreign currency from the domestic market Empty Russia allocates more than $ 2 billion to buy foreign currency from the domestic market

    Post by Rocky Fri 03 Nov 2017, 2:51 pm

    [size=30]Russia allocates more than $ 2 billion to buy foreign currency from the domestic market[/size]
    03/11/2017 06:42 | Number of readings:
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    Trend Press / Agencies
    The Russian Ministry of Finance announced Friday that 122.8 billion rubles ($ 2.12 billion) will be pumped into foreign currency purchases from local foreign exchange markets from November 8 to December 6, 2017.
     
    A statement issued by the Ministry of Finance of Russia that "the total amount of funds allocated for the purchase of foreign currency from domestic foreign exchange markets during the period from 8 November to 6 December 2017, is 122.8 billion rubles ($ 2.12 billion), in contrast, the size of The daily turnover of foreign currencies amounts to 5.8 billion rubles (100 million dollars).
     
    In February, the Ministry of Finance began buying foreign currency from the market to minimize the fluctuation of the ruble exchange rate following volatile oil prices. For these purposes additional revenue is channeled from the oil and gas budget. The effect of these transactions should be neutral on the exchange rate of the Russian national currency, according to the assurances of the Ministry of Finance and the Central Bank.
     
    In November, oil and gas revenues from the federal budget are expected to increase, based on the monthly budget estimate for 2017 at 125.8 billion rubles ($ 2.168 billion). The actual deviation of oil and gas revenues in October 2017 was from the previous month's negative assessment, which decreased by 3 billion rubles ($ 51.7 million). The Ministry of Finance attributed the decline in the volume of exports of oil and petroleum products compared to the expected level.
     
    As before, the Bank of Russia will participate in the purchase of foreign currency by the Ministry of Finance.Every working day within the specified period, the Bank of Russia will enter into foreign currency purchases in the regular trading sessions of the Moscow Stock Exchange on a regular basis during the trading day. The foreign currency acquired will be credited to the federal treasury accounts at the Central Bank and will be credited in 2018 to the National Reserve Account.
     
    In the previous period, from 6 October to 7 November, the Ministry planned to allocate 76 billion rubles ($ 103 million) for these purposes, with daily operations amounting to 3.5 billion rubles ($ 60 million).
    http://aletejahtv.org/permalink/189709.html
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