Source Pravda.Ru

Central Bank not selling dollars on interbank market

The Central Bank has not sold dollars on the interbank market, thus it hasnot prevented a growth in US currency, experts of commercial banks pointedout in an interview with RBC. At the previous session on August 30, theBank was making considerable currency interventions and did not allow thedollar to exceed the 31.60 RUR/USD level, they stressed. The volume ofdeals last Friday was estimated at about $500m. The experts believe thatsuch large selling of currency during one day may lead to a new decrease inthe volume of the Central Bank's gold and currency reserves. As of August23, they dropped by $300m, and, according to the analysts, this fact makesthe Bank stay away from selling dollars at the afternoon trade. .

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