The Central Bank decided to weaken the ruble

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www.vsyako.netPhoto: Maksim Blinov / RIA Novosti

The Bank of Russia is going to weaken the ruble, deciding not to sell all foreign currency proceeds from the transaction transfer of shares of the savings Bank to the government. This follows from the statements of the head of the regulator Elvira Nabiullina that she made during a press conference, broadcasted on the website of the Central Bank.

Deal on Sberbank was implemented at the expense of the national welfare Fund (NWF). The resulting currency, the regulator began selling on the market in the fall in the price of Russian Urals oil below $ 25 per barrel. That was in addition to the budget rule, which implies the sale of foreign currency when the price of oil below $ 40.

Now, however, the Bank of Russia reported that sales of the currency associated with the transaction will stop at the end of the third quarter. In October-December, the regulator intends to support the national currency only by selling the currency at 185 billion rubles. The remaining funds will vzaimozachet volume nepokupnoy currency in 2018.

The Central Bank on 24 July, decided to reduce the key rate to a historic low. It was lowered by 0.25 percentage points to 4.25 per cent. The decision was made to stimulate the Russian economy.

Video, photo All from Russia.

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