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Russian Ministry of Finance will use 4.8 million for foreign exchange purchases between November 7 and December 5 – Business & Economy
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Russian Ministry of Finance will use $894.8 million for foreign exchange purchases between November 7 and December 5 – Business & Economy

MOSCOW, 5 November. /TASS/. The Russian Ministry of Finance will allocate 87.5 billion rubles ($894.8 million) for the purchase of foreign currency and gold between November 7 and December 5 within the framework of the budget rule.

In the statement made by the ministry, it was stated that the daily transaction volume will be equivalent to 4.2 billion rubles ($42.95 million).

“The total volume of funds allocated for the purchase of foreign currency and gold is 87.5 billion rubles. Transactions will be carried out according to the daily volume of foreign exchange and gold purchases, respectively, from November 7, 2024 to December 5, 2024. The Ministry of Finance stated that it will be equivalent to 4.2 billion rubles .

The Russian Ministry of Finance planned to allocate funds in the amount of 71.8 billion rubles ($734.19 million) for the purchase of foreign currency and gold within the framework of the budget rule from October 7 to November 6. Daily trading volume amounted to 3.1 billion rubles ($31.7 million).