On postponed foreign currency purchases under the fiscal rule

The Bank of Russia decided to commence from 1 February 2019 the foreign currency purchases in the domestic market that were postponed in 2018 as part of fiscal rule implementation that were postponed in 2018. The postponed purchases will be carried out gradually in the 36 months since the launch of these operations. These operations will increase the daily amount of foreign currency purchases in the domestic market under the fiscal rule by 2.8 billion rubles.

The Bank of Russia reserves the right to suspend foreign currency purchases in the domestic market under the fiscal rule in the event of financial stability threats.

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