CBR stops conducting REPO auctions in foreign currency for periods of 7 and 28 days with a minimum limit.
“The Bank of Russia pursued a policy of gradual reduction of the debt of credit organizations on operations of foreign currency refinancing, on the basis of their temporary nature. Currently, this debt has decreased to $1 billion. Given this and the current situation of the currency market, the Bank of Russia took a decision from 11 September 2017 to cease conducting REPO auctions in foreign currency for periods of 7 and 28 days, the maximum amount of funds which is $100 million,” – stated in the message controller.
The limit REPO auction in foreign currency for a period of 28 days, held on 4 September 2017, will be reduced in stages.