Bank of Russia reduces limit on FX swaps
16 July 2020
Press release
The Bank of Russia has made the decision to lower the daily threshold for FX swap transactions to sell US dollars and buy rubles with the value date today. Beginning on 17 July 2020, this limit will be reduced from 5 to 3 billion US dollars. As the situation in the money and foreign exchange markets is stable and the banking sector maintains a sufficient amount of foreign currency liquidity, credit institutions show no demand for these transactions. The Bank of Russia continues the monitoring of the situation in the money and foreign exchange markets and will readjust the threshold for FX swaps if needed.
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16.07.2020 00.00.00