Russia's central bank said on Friday
PHOTO
Russia's central bank said on Friday that it will use funds from its National Wealth Fund (NWF) to conduct forex interventions from Aug. 1.
It said the limit on such transactions was set at 300 billion roubles ($3.33 billion) per half year, to take into account the liquidity situation on the domestic foreign exchange market.
($1 = 90.1675 roubles) (Reporting by Reuters; Editing by Jon Boyle)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
