Bank of Russia sells foreign currency worth $70.18 mln with settlements on March 28

The Bank of Russia sold foreign currency in the amount of 5.4 bln rubles ($70.18 mln) on the domestic market with settlements on March 28, according to data published on the regulator's website on Wednesday.

The amount of currency sales on the domestic market also amounted to 5.4 bln rubles with settlements on March 27.

The Russian Ministry of Finance resumed foreign exchange sales operations on the domestic currency market on January 13 as part of the new fiscal rule mechanism. The total amount of funds allocated for selling foreign currency from January 13 to February 6 amounts to 54.5 bln rubles ($708.35 mln), with the daily amount reaching 3.2 bln rubles, the ministry said.

Purchase and sale transactions of foreign currency will be carried out by the Bank of Russia on the domestic market in the currency section of the Moscow Exchange in the "Chinese yuan-ruble" instrument.