Search results
2576 documents found
ANNUAL REPORT
II.2. FOREIGN EXCHANGE POLICY
IMPLEMENTATION
II.2.1. EXCHANGE RATE POLICY AND RESERVE MANAGEMENT
E XCHANGE RATE POLICY. In accordance
with the
of Directors.
Realised exchange rate differences that arise in foreign exchange transactions conducted at rate
that differs from the official exchange rates are calculated individually
currency exchange rate differences, whereas
the total excess of the negative realised exchange rate differences from foreign exchange operations
over the positive realised exchange rate
exchange rate differences during the year, the excess is compensated for from previously
accrued net positive exchange rate differences accounted for as Accrued exchange rate
Realised exchange rate differences, which occur when operations with for
eign currency values are conducted at an exchange rate other than the official exchange rate,
the movement of official exchange
rate of foreign currencies against the ruble set by the Bank of Russia (hereinafter - exchange
rates of foreign currencies) and
Realised exchange rate differences, which occur when operations with for
eign currency values are conducted at an exchange rate different to the official exchange rate,
exchange as of the transaction date.
Positive and negative exchange rate differences from recalculating foreign exchange assets and
liabilities were recorded as “Accumulated exchange rate
exchange rate. The lowing for the assumed budget deficit) as well
elasticity of the operating exchange rate band as operations on the domestic foreign exchange
currency exchange rate differences, whereas
the total excess of the negative realised exchange rate differences from foreign exchange operations
over the positive realised exchange rate