B · Normal
[Russian Ministry of Finance will significantly increase foreign exchange and gold purchases] October 5th, the Russian Ministry of Finance announced on October 5, local time, that it will increase the country’s foreign exchange and gold purchases to five times that of September from October 7 to November 6. It will allocate 279.42 billion rubles for this purpose, with an average daily purchase volume of approximately 12.7 billion rubles. The purchase was made under budget rules designed to funnel additional oil and gas revenue into state welfare funds. (CCTV News)
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