A special recording procedure for certain securities will be in effect until the end of 2025

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15.09.2023

DUE TO UPCOMING REDEMPTION OF THE FOREIGN CURRENCY ISSUE OF EUROBONDS, THE BANK OF RUSSIA WILL ACCELERATE TRANSACTIONS MIRRORING OPERATIONS RELATED TO THE INVESTMENT OF FUNDS FROM THE NATIONAL WELFARE FUND

The Bank of Russia will temporarily accelerate the previously announced operations for mirroring transactions related to the investment of funds from the National Welfare Fund in the first half of 2023. From September 14 to 22, the Central Bank will evenly sell foreign currency on the foreign exchange market with a total volume of 150 billion roubles. Thus, the daily volume of these operations will amount to RUB 21.4 billion during this period instead of 2.3 billion roubles.

The adjustment is due to the upcoming redemption of the foreign currency issue of Eurobonds on September 16, 2023. The decision taken will help satisfy possible additional demand for currency and reduce volatility in the foreign exchange market during this period.

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