17.08.2023, 08:57
the Russian authorities will not tighten currency control yet
Source: OREANDA-NEWS
OREANDA-NEWS The Russian authorities will not yet impose restrictions on the movement of capital and set standards for the sale of foreign currency earnings, Vedomosti reports, citing a source.
"The Cabinet of Ministers managed to informally agree with exporters to increase the sale of foreign exchange earnings, so for now it has been decided to limit monitoring of their actions," the source told the publication.
According to the source of Vedomosti, at the meeting it was agreed that the tightening of currency control would be an extreme temporary measure.
Earlier, the press service of the Central Bank reported that the level of the key rate of 12% corresponds to inflationary pressure, but in case of increased risks, the indicator may increase.
"The Cabinet of Ministers managed to informally agree with exporters to increase the sale of foreign exchange earnings, so for now it has been decided to limit monitoring of their actions," the source told the publication.
According to the source of Vedomosti, at the meeting it was agreed that the tightening of currency control would be an extreme temporary measure.
Earlier, the press service of the Central Bank reported that the level of the key rate of 12% corresponds to inflationary pressure, but in case of increased risks, the indicator may increase.
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