From July 1 to 6, the Central Bank will purchase foreign currency at… (валюта · объём · полугодие)
From July 1 to 6, the Central Bank will purchase foreign currency at a rate of 9.34 billion rubles per day under the budget rule (9.91 billion rubles per day from June 5 to July 6). The total volume of such investments for the first half of 2026 amounted to 74.8 billion rubles, which translates to 0.58 billion rubles per day for the second half.
Consensus
- The CBR will reduce foreign currency sales in the second half of 2026 to 0.58 billion rubles per day
- The CBR will purchase foreign currency at a rate of 9.34 billion rubles per day from July 1 to 6
- The reduction is due to net investments in the National Wealth Fund (NWF) during the first half of 2026
- The CBR will publish final adjustments to budget rule operations by end of December 2026
Points of divergence
- The CBR will purchase 9.91 billion rubles of foreign currency per day from July 1 to 6, before adjusting to 9.34 billion rubles — vm
- Physical individuals withdrew 280.5 billion rubles from term deposits in May 2026, a record high for the year — vm
- Changes to money transfer rules took effect on April 1, 2026 — vm
- The total withdrawal of physical individuals from banks in the spring month was 550 billion rubles — vm
- No operations with NWF funds for covering budget deficits outside the budget rule were conducted in 2025 — vedomosti
- The CBR will publish data on regular operations adjustments under the budget rule for the first half of 2027 by end of December 2026 — vedomosti
- The CBR will publish data on regular operations adjustments under the budget rule for the first half of 2027 by end of December 2026 — kommersant
- Ministry of Finance did not conduct currency purchases in March and April 2026 due to planned changes in oil price threshold — kommersant
- The budget rule allows redistributing oil and gas export revenues, with excess funds above $59/barrel directed to purchase foreign currency and gold for the NWF — kommersant
- Ministry of Finance resumed currency purchases in May 2026 under the budget rule — kommersant
- The CBR will base daily foreign currency operations on data published by the Ministry of Finance on the third working day of each month — vedomosti
- The CBR will publish final adjustments to budget rule operations by end of December 2026 — vedomosti
- The CBR will publish final adjustments to budget rule operations by end of December 2026 — vm
- The CBR will publish final adjustments to budget rule operations by end of December 2026 — kommersant
- The CBR will publish final adjustments to budget rule operations by end of December 2026 — vm
- The CBR will publish final adjustments to budget rule operations by end of December 2026 — vedomosti
- The CBR will publish final adjustments to budget rule operations by end of December 2026 — kommersant
- The CBR will publish final adjustments to budget rule operations by end of December 2026 — vm
Coverage (3 sources)
- The Central Bank of Russia will cut foreign currency sales by eight times in the second half of 2026 — Вечерняя Москва
- Central Bank to cut foreign currency sales outside the budget rule by eight times — Коммерсантъ
- Central Bank to Buy $9.34 Billion in Foreign Currency Daily from July 1 to 6 — Ведомости