The Ministry of Finance will resume buying currency – Rambler / finance



The Russian Ministry of Finance will resume the purchase of foreign currency under the budget rule. The press service of the department reported.

They said that at the end of December 2020, the total deviation of actually received oil and gas revenues from their expected monthly volume and the estimate of their base monthly volume from their base monthly volume amounted to 32.7 billion rubles. In January 2021, the federal budget will receive the expected volume of additional oil and gas revenues in the amount of 73.5 billion rubles due to the fact that the actual oil prices exceed the base level.

“Thus, the total amount of funds allocated for the purchase of foreign currency is 106.3 billion rubles. Operations will take place between January 15th and February 4th. The daily volume of purchases of foreign currency will amount to 7.1 billion rubles, ”the press service of the Ministry of Finance said.

As part of the fiscal rule, as Rambler reported, the Ministry of Finance buys foreign currency with additional budget revenues when the price of oil is higher than the level set by the rule ($ 43.3 per barrel in 2021) and transfers it to the National Welfare Fund.

If the price of oil is below the level set by the rule, the Ministry of Finance sells the currency, and the proceeds go to finance the budget deficit. The Ministry of Finance has not bought foreign currency since March.

Video of the day. Interregional housing demand has skyrocketed

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The Russian Ministry of Finance will resume the purchase of foreign currency under the budget rule. The press service of the department reported.

They said that at the end of December 2020, the total deviation of actually received oil and gas revenues from their expected monthly volume and the estimate of their base monthly volume from their base monthly volume amounted to 32.7 billion rubles. In January 2021, the federal budget will receive the expected volume of additional oil and gas revenues in the amount of 73.5 billion rubles due to the fact that the actual oil prices exceed the base level.

“Thus, the total amount of funds allocated for the purchase of foreign currency is 106.3 billion rubles. Operations will take place between January 15th and February 4th. The daily volume of purchases of foreign currency will amount to 7.1 billion rubles, ”the press service of the Ministry of Finance said.

As part of the fiscal rule, as Rambler reported, the Ministry of Finance buys foreign currency with additional budget revenues when the price of oil is higher than the level set by the rule ($ 43.3 per barrel in 2021) and transfers it to the National Welfare Fund.

If the price of oil is below the level set by the rule, the Ministry of Finance sells the currency, and the proceeds go to finance the budget deficit. The Ministry of Finance has not bought foreign currency since March.

Video of the day. Interregional housing demand has skyrocketed

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The Russian Ministry of Finance will resume the purchase of foreign currency under the budget rule. The press service of the department reported.

They said that at the end of December 2020, the total deviation of actually received oil and gas revenues from their expected monthly volume and the estimate of their base monthly volume from their base monthly volume amounted to 32.7 billion rubles. In January 2021, the federal budget will receive the expected volume of additional oil and gas revenues in the amount of 73.5 billion rubles due to the fact that the actual oil prices exceed the base level.

“Thus, the total amount of funds allocated for the purchase of foreign currency is 106.3 billion rubles. Operations will take place between January 15th and February 4th. The daily volume of purchases of foreign currency will amount to 7.1 billion rubles, ”the press service of the Ministry of Finance said.

As part of the fiscal rule, as Rambler reported, the Ministry of Finance buys foreign currency with additional budget revenues when the price of oil is higher than the level set by the rule ($ 43.3 per barrel in 2021) and transfers it to the National Welfare Fund.

If the price of oil is below the level set by the rule, the Ministry of Finance sells the currency, and the proceeds go to finance the budget deficit. The Ministry of Finance has not bought foreign currency since March.

Video of the day. Interregional housing demand has skyrocketed




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