On Bank of Russia operations in domestic FX market

The Bank of Russia decided to conduct from 13 May 2015 regular foreign currency purchases in the domestic FX market in order to replenish international reserves. This decision is taken with consideration of the normalisation in the domestic FX market and does not pursue the goal to maintain the ruble exchange rate at a certain level.

Mentioned operations will be held daily in the amount of 100-200 million US dollars. To minimise the impact on ruble exchange rate dynamics, FX purchases will be carried out evenly during the trading day. In case any substantial changes occur in the FX market, the volumes of the operations may be adjusted.

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