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On October 5, local time, the Russian Ministry of Finance announced that it will increase the country's foreign exchange and gold purchases to five times that of September from October 7 to November 6, allocating 279.42 billion rubles for this purpose, with an average daily purchase volume of about 12.7 billion rubles. The purchase was carried out in accordance with budget rules and was aimed at incorporating additional oil and gas revenue into the National Welfare Fund.
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On October 5, local time, the Russian Ministry of Finance announced that it will increase the country's foreign exchange and gold purchases to five times that of September from October 7 to November 6, allocating 279.42 billion rubles for this purpose, with an average daily purchase volume of about 12.7 billion rubles. The purchase was carried out in accordance with budget rules and was aimed at incorporating additional oil and gas revenue into the National Welfare Fund.
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