The currency purchase and sale transactions between the Ministry of Finance and the Bank of Russia are interventions, said the Chairwoman of the regulator Elvira Nabiullina during the annual conference of the Association of Regional Banks of Russia, RNS reports.
“These transactions should be considered as currency interventions for influencing the nominal rate of the ruble”, she said.
According to Nabiullina, the Central Bank will continue to follow the floating exchange rate policy, which corresponds to the inflation targeting principle.
