The ruble is reinvented from the fundamental values ??by 10-12 percent

21 March 2017, 01:10 | Russia
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Minister of Finance Anton Siluanov told reporters that the ruble is reinstalled from the fundamental values ??by 10-12%, and this gives the RF Ministry of Finance the opportunity to buy a currency of at least $ 1 billion by the end of the current year in excess of those that it does to replenish the Reserve Fund, PRIME reports.

Siluanov recalled that the Ministry of Finance in March this year, bought from the Central Bank $ 500 million to meet current obligations for external debt. The Minister noted that the current conditions are very beneficial for such operations.

He said: "We have already bought 500 (million dollars) and now we see that the rate has once again strengthened, and since we understand that from the fundamental values ??

the rate has deviated by 10-12%, now it makes sense to purchase currency to ensure its current obligations".

The Minister said: "We still have the need to fulfill our obligations on debt, on external monetary obligations. There is still an opportunity to buy at least 1 billion dollars (before the end of the year). But not the fact that we will use it ".

Siluanov added that we are talking about buying foreign currency in excess of the funds that the Ministry of Finance sends to replenish the Reserve Fund.




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