Russian finance ministry halts forex trading, gold buys for 2022
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MOSCOW, March three (Reuters) – Russia’s finance ministry explained on Thursday that it was halting buys of international forex and gold for this 12 months as aspect of a suspension of sections of its fiscal rule relating to the use of excess oil and fuel revenues.
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Less than a rule adopted in 2017, Russia purchases international forex when oil costs are significant and sells when costs go beneath $forty four for every barrel, shielding the rouble from oil price tag swings.
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