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The Central Bank Buys Up Green Backs
20 мая 2009 г.

This Wednesday the cost of bicurrency basket has lowered on the MICEX by 12 cents - up to 36.89 rubles. Weighted mean exchange rate was 31.7387 rubles - 16.27 cent lower than at the close on Tuesday.

According to the head of currency transactions department of  “RosEuroBank” Mr. Roman Frolov, the Central Bank took an active part in trading and bought at least $ 1.5 billion.

"Until the oil is expensive and there is a positivetrend on the stock market, the currency will be sold" – considers Mr. Frolov. Meanwhile this week Russian ruble is strengthening its positions to the basket - 10 cents per day.

on Wednesday, increased cost of crude oil  $ 61 per barrel, accompanied by a further weakening of the dollar. Despite this, analysts are talking about impending correction in exchange rates.
 

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