Bank of Russia suspends currency buying due to market volatility
MOSCOW, January 24. /TASS/: The Bank of Russia made the decision not to purchase foreign currency on the domestic part within the fiscal rule mechanism implementation framework, the regulator said on Monday.
"The Bank of Russia decided not to buy foreign currency on the domestic market within the framework of fiscal rule mechanism implementation from 15.00 pm Moscow time of January 24, 2022. This decision was made for purposes of increasing predictability in actions of monetary authorities and reduction of financial markets volatility," the Central Bank said.