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Monetary gold 78,167 0 –4,270 3,594 77,491 Gold bullion 78,167 0 –4,270 3,594 77,491 Unallocated gold accounts

to accounting for refinanced loans. If a loan is refinanced and an old loan is repaid before maturity, MBS debt is reduced and a new

Monetary gold 78,167 0 –4,270 3,594 77,491 Gold bullion 78,167 0 –4,270 3,594 77,491 Unallocated gold accounts

5] – Bank of Russia interventions in the domestic FX market and monetary gold purchases** 0.1 0.1 0.1 – regulation of banks’ required reserves

18 12.18 500 Figure 21: Share of non-performing loans decreased as old generations of loans are replaced with new ones with a low level

External Interaction. As of 18 February 2019, all information exchange via the old portal has been ceased; it is now functioning in archive mode only

5] - Bank of Russia interventions in the domestic FX market and monetary gold purchases** 0.0 0.0 - regulation of banks’ required reserves with the

Monetary gold 78,167 0 –4,270 3,594 77,491 Gold bullion 78,167 0 –4,270 3,594 77,491 Unallocated gold accounts

be set to the purchase price of fine gold determined daily based on the morning LBMA Gold Price auction. The haircut will apply from 1

Bank of Russia FX swaps, as was the case during and monetary gold pur- chases** several past years. - regulation of banks’ required reserves with the