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Central Bank Make Further Tweaks to FX Activities

RUSSIA

Central Bank of Russia make further tweaks to their FX activities ahead:

  • Will use the bank's rainy day funds for FX interventions from August 1st
  • There will be a limit on such transactions set at RUB 300bln per half-year
  • The Bank will buy or sell foreign exchange on the market evenly throughout the trading day

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