On the maximum allotment amount of the ruble liquidity using FX swaps
12 December 2014
Press release
In order to stabilize the FX market conditions the Bank of Russia decided to retain the limit on the amount of the ruble liquidity provided using FX swaps introduced on 11 November 2014. The maximum allotment amount is set at 2 billion USD a day effective from 15 till 21 December 2014.
This measure represents one of the elements of the conservative approach to the provision of banking sector liquidity which is used by the Bank of Russia in order to limit speculative activity and stabilize the FX market conditions.
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