Nabiullina said that the Central Bank will return to purchases of foreign currency for the Ministry of Finance

© RIA Novosti / Evgeny to Betemporary in fotoreceptor of the Central Bank Elvira Nabiullina at a press conference following the meeting of the Board of DirectorsNabiullina said that the Central Bank will return to purchases of foreign currency for the Ministry of Finance© RIA Novosti / Evgeny to Betemporary the image Bank

The suspension of purchases by the Bank of Russia of foreign currency to the Ministry of Finance of the Russian Federation does not mean the reduction in international reserves and a slowdown in their growth, while the Central Bank will return to the regular purchases of foreign currency by reducing the volatility in the markets, and this decision depend on the ruble, said the head of the regulator Elvira Nabiullina.

«Suspension of purchase of currency — it does not mean a reduction in foreign exchange reserves, it simply means reducing the rate of their increase. But the level of reserves we have more than enough,» she said at a press conference.

«When we assess that volatility in the financial markets has decreased no matter what the ruble is going to happen here for us are not important at the level of the course — we’ll be back to regular shopping, and the view to not increasing the volatility of the financial markets, as we will be able to compensate for delayed purchases», — said the head of the Central Bank.

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