the Head of the Central Bank Elvira Nabiullina said that the operations of the Ministry of Finance on the currency market should not be regarded as intervention.
she said this at a meeting with bankers organized by the Association of regional banks of Russia in the Moscow complex “Bor”.
According to her, the impact on the ruble is not the purpose of these transactions. “It is not their purpose, and we believe this and we will continue to follow the policy of floating exchange rate,” she said.
Nabiullina also noted that the impact of the declared operations on the liquidity of the banking sector will be neutral.
we Remind that President Vladimir Putin has decided that additional oil and gas revenues in 2017 in connection with excess of the prices on Urals oil has budgeted $ 40 a barrel, will not be spent on additional expenditures.
Thus it was decided several problems, including the Reserve Fund (previously, the Finance Ministry assumed its full expenditure in this year), the reduction of the budget deficit and the Central Bank in its main goal of achieving inflation of 4 percent this year.
Previously, the newspaper “Izvestia” wrote that started on Tuesday of the purchase of foreign currency in reserves, contrary to economists ‘ expectations, did not cause the decline of the ruble. Despite alarming predictions, the Russian currency in the course of trading was even stronger, and closed near opening levels.
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