Source Pravda.Ru

Central Bank sells around $30m at today's dollar trade session

At the morning dollar trade session on September 5 the Russian Central Bankimplemented quite a broad-based foreign currency intervention, Russiancommercial banks' specialists pointed out in an interview withRosBusinessConsulting. According to one of them, the volume of dollars soldby the Central Bank at the dollar trade session was estimated at $30m.Since the trade volume at the unified dollar trade session on Thursday wasaround $96m,the Central Bank accounts for nearly a third of the total tradevolume. According to specialists, the Central Bank sold dollars atRUR31.61, therefore the weighted-average dollar exchange rate remained atthis level at the end of the special trade session. The Central Bank solddollars in the most aggressive way during the first part of the morningdollar trade session and after that left the market after it made surethere was no dollar exchange rate growth, experts pointed out. .