The total amount of funds allocated for the purchase of foreign…
The total amount of funds allocated for the purchase of foreign currency and gold will amount to 136.17 billion rubles. The Ministry clarified that the daily volume of purchases will be equivalent to 6.5 billion rubles.
Consensus
- The Russian Ministry of Finance will purchase foreign currency and gold from August 7 to September 4.
- The total amount allocated for purchases is 136.17 billion rubles.
- Daily purchase volume is equivalent to 6.5 billion rubles.
- The purchases are conducted under the budget rule based on oil and gas revenues.
- Excess revenues from oil and gas exports above a set price threshold are directed into the National Wealth Fund.
Points of divergence
- The Ministry of Finance stated that gold is an ideal replacement for foreign currency, as mentioned in May. — vesti
- Daily purchases in July were 20% lower than in August, at 5.4 billion rubles. — kommersant
- The total amount allocated is 136.2 billion rubles, slightly differing from Vesti's 136.17 billion. — kommersant
- In March and April, no such operations were conducted due to planned changes in the oil price threshold. — kommersant
- The deviation of actual oil and gas revenues from expected amounts in July was 21.94 billion rubles. — kommersant
Coverage (2 sources)
- Ministry of Finance revealed volumes of foreign currency and gold purchases from August to September — Вести
- Ministry of Finance of Russia will increase daily purchases of foreign currency and gold by 20% in August — Коммерсантъ