Photo: Natalia Seliverstova / RIA Novosti
The Bank of Russia issued a statement on the current situation in the financial market. The increased volatility of the ruble in recent days is a natural reaction to news about potential new sanctions, underscores the regulator.
It is noted that such bursts had been previously during the discussion of new sanctions was temporary in nature. The Central Bank also highlighted that the regulator has enough instruments to prevent threats to financial stability.
To limit volatility, the Bank of Russia may adjust daily purchases of foreign currency in the domestic market for additional oil and gas revenues. “Support for the rouble continues to have a significant sale of export currency proceeds”, — said in the Central Bank.
Meanwhile, it follows from the statistics of the regulator, market purchases of foreign currency was reduced by half on 9 August, when the dollar on Masuria for the first time since the fall of 2016 exceeded 66.5 rubles. So, on this day it was purchased currency by 8.4 billion instead of 16.7 billion.
Earlier it was reported that the ruble exchange rate after the opening of trading on the Moscow exchange on Friday, 10 August, fell below 67 rubles per dollar. The foreign exchange rate became the highest in the last two years.
On 8 August it became known that Washington will impose a new package of restrictive measures against Russia due to the use of prohibited weapons. Against the background of the U.S. falling ruble and stocks of major Russian companies.
The current market volatility, Finance Minister and first Deputy Prime Minister Anton Siluanov also connects with the unstable situation in emerging markets.
Video, photo All from Russia.