Russia might limit forex purchase to protect ruble - Breaking The News
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Russia might limit forex purchase to protect ruble

EPA-EFE/YURI KOCHETKOV

Russia's Finance Ministry and Central Bank (CBR) are considering limiting the purchase of foreign currency in the domestic market to protect the ruble from volatility, head of the former agency's Financial Policy Department Ivan Chebeskov told Vedomosti on Monday.

According to Chebeskov, the amount the limit would refer to has not yet been determined.

"In general, within the framework of the subcommittee's approaches, we always take into account market conditions in the foreign exchange market when making decisions on transactions," Chebeskov said.

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