Central Bank of Russia bought $200 mln on market on Monday to top reserves up
MOSCOW. May 20 (Interfax) - The Central Bank of Russia bought $200 million on the market on Monday, May 18, to top its reserves up, the Central Bank said.
The Central Bank also bought $200 million on May 14 and May 15, and $181 million on May 13.
The Central Bank said last week that starting on May 13 it would regularly buy $100 million-$200 million a day on the domestic FX market in order 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 bank said.
The Central Bank has not conducted currency interventions since December 15, 2014. Prior to that date, it sold FX to maintain a stable exchange rate.
