22 Aug 2013 10:37

Central Bank shifts currency corridor 5 kopecks

MOSCOW. Aug 22 (Interfax) - The Central Bank of Russia has shifted the ruble's trading corridor by 5 kopecks.

The corridor was 32.05-39.05 rubles as of August 21, the Central Bank said on its website.

This is the fourth time the Central Bank has shifted its target exchange-rate corridor this month. The corridor was 31.85-38.85 rubles at the end of July and was moved 5 kopecks on August 7, 12 and 14. The Central Bank shifted the corridor 5 kopecks on three occasions in July.

The Central Bank increases currency market interventions once the ruble nears the corridor's boundary. The corridor is shifted when an intervention allotment of $450 million is used up.