OREANDA-NEWS The total amount of revenue that the Russian Ministry of Finance will direct to the purchase of gold and yuan by the Central Bank in the period from October 7 to November 6 will amount to 71.8 billion rubles, or 3.1 billion rubles per day. This is stated in the message of the ministry.

At the same time, the regulator adjusts this amount by 8.4 billion rubles per day in the second half of 2024. So the volume of daily sales of yuan will amount to 5.3 billion rubles, which is more than 25 times more than in the previous period.

The amount of funds allocated by the Ministry of Finance for the purchase of gold and yuan is calculated within the framework of the budget rule from the expected additional oil and gas revenues in the current month and deviations from plans in the previous period.

By the end of September, the department stated a shortage of 38.6 billion rubles, and in October it expects to receive an additional 110.4 billion. The main problems with the plan are related to oil revenues. The amount of excess over the base level turned out to be a quarter lower than in August — 89.8 billion rubles against 120 billion. Accordingly, total oil and gas revenues in September were the third worst result for the year — 771.9 billion rubles.

The increase in sales will help support the ruble, which in recent days has been updating almost annual lows against the yuan, euro and dollar.