CB bought $200 mln on June 11, $4 bln starting on May
MOSCOW. June 17 (Interfax) - The Central Bank of Russia purchased a total of $200 million on the currency market on June 15, the regulator said in information, posted on its website.
The Central Bank bought a total of $200 million on June 9 -June 11, and $150 million on June 8.
The regulator did not purchase any FX on the domestic currency exchange to replenish international reserves on June 5 due to rising volatility on the market, a Central Bank spokesman told Interfax.
The Central Bank bought a total of $131 million on June 4, $200 million on June 2-June 3, $150 million on June 1, $200 mln on both May 28 and May 29. The Central Bank topped its reserves up with $150 mln on May 27. From May 14 to May 26, it bought $200 mln daily. On May 13, the amount of the purchased currency was $181 mln. As a result, from May 13 to June 15 Central Bank bought a total of $4.162 bln.
The Central Bank reported on May 13, 2015 that it would regularly buy $100 million-$200 million on the domestic market each day to replenish international reserves. "To minimize the impact on ruble exchange rate dynamics, FX purchases will be carried out evenly during the trading day. In case any substantial changes occur in the FX market, the volumes of the operations may be adjusted," the Central Bank said.
Central Bank Governor Elvira Nabiullina said on June 4 that "a very comfortable" level for the international reserves was $500 billion. Nabiullina said that the accumulation of reserves should be carried out gradually, only in such a way that would not contradict the main goal of monetary policy, namely the reduction of inflation in the medium term to 4%.