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currency ................................. 20
2. MAIN INDICATORS AND INSTRUMENTS
OF BANK OF RUSSIA MONETARY POLICY ........................................ 21
2.1. Bank of Russia balance sheet ................................................................... 21
2.2. Refinancing
currency .................................. 15
2. MAIN INDICATORS AND INSTRUMENTS
OF BANK OF RUSSIA MONETARY POLICY ....................................... 16
2.1. Bank of Russia balance sheet .................................................................. 16
2.2. Refinancing
roeconomic policies, namely: foreign trade policy,
purposes and functions. foreign exchange regulation and control, foreign
Budget deficit/surplus — excess of budgetary exchange rate policy.
expenditures
policies, namely: foreign trade
Budgetary expenditures — funds transferred policy, foreign exchange regulation and control,
to finance the government and local authorities’ pur- exchange rate policy.
roeconomic policies, namely: foreign trade policy,
purposes and functions. foreign exchange regulation and control, foreign
Budget deficit/surplus — excess of budgetary exchange rate policy.
expenditures
roeconomic policies, namely: foreign trade policy,
purposes and functions. foreign exchange regulation and control, foreign
Budget deficit/surplus — excess of budgetary exchange rate policy.
expenditures
24
2. MAJOR INDICATORS AND INSTRUMENTS
OF THE BANK OF RUSSIA MONETARY POLICY
2.1. Bank of Russia Balance Sheet .......................................................... 26
2.2. Refinancing Rate
26
2. MAJOR INDICATORS AND INSTRUMENTS
OF THE BANK OF RUSSIA MONETARY POLICY
2.1. Bank of Russia Balance Sheet .......................................................... 28
2.2. Refinancing Rate
definition) .......................................................26
2. MAIN INDICATORS AND INSTRUMENTS
OF BANK OF RUSSIA MONETARY POLICY
2.1. Bank of Russia balance sheet ............................................................. 28
2.2. Refinancing rate
definition) ..................................................... 25
2. MAIN INDICATORS AND INSTRUMENTS
OF BANK OF RUSSIA MONETARY POLICY ....................................... 27
2.1. Bank of Russia balance sheet ........................................................... 27
2.2. Refinancing