The Russian Central Bank said it decided to commence from February 1, 2019 the foreign currency purchases in the domestic market, which were postponed in 2018 as part of fiscal rule implementation.
The regulator added that postponed purchases will be carried out gradually in the 36 months since the launch of these operations. These operations will increase the daily amount of foreign currency purchases in the domestic market under the fiscal rule by 2.8 billion rubles.
At the same time, the Bank of Russia reserves the right to suspend foreign currency purchases in the domestic market under the fiscal rule in the event of financial stability threats.
