Central Bank will buy the currency in the market to replenish reserves – RBC

Photo: Yekaterina Kuzmina / RBC

The decision was taken due to the normalization of the situation in the domestic foreign exchange market and decided to replenish international reserves of the Central Bank explained in a statement. “To minimize the impact on the dynamics of the exchange rate of the purchase will be carried out uniformly throughout the trading day,” – says the Bank of Russia. In the case of significant changes in the foreign exchange market transaction volume can be adjusted, the regulator stipulates.

May 1, international reserves totaled $ 365 billion, a decrease of 12 months, or a quarter in value terms to $ 116 billion. Most of all international reserves, “thinner” in December 2014, when their value over the last month decreased by $ 33.4 billion. For comparison, in April reserves fell by $ 360 million, for March – to $ 3.9 billion.

The head of trading in the currency market, Alexander FG BCS Mulberger believes that these actions the Bank of Russia should not have a significant impact on the dynamics of the currency market, as the volume of purchases predpogaemyh small. “$ 100-200 million – a small amount, even for the last day is not too liquid, when trading volume was about $ 3 billion,” – he said.

However, he said, perhaps the psychological impact – participants the market can take it too emotional a decision of the Central Bank. At the opening of trading on Thursday, the dollar rose against the ruble by 74 kopecks. up to 50.01 rubles.

«While we can say that common sense will prevail. I think that the market will continue to move after the dynamics of oil “, – adds Mulberger.

The last time the Central Bank was present on the domestic market on January 29 but then he sold the currency. The volume of transactions on that day amounted to $ 690 billion in total for January regulator has spent on the purchase of currency $ 2.3 billion. In December, the amount was much more – $ 11.9 billion, and in October, the Central Bank sold on the domestic market of $ 27, 2 billion and 1.6 billion euros, which is a record value since January 2009.