The Central Bank will resume the purchase of foreign currency in the domestic market starting January 9

The daily volume of transactions in the first half of 2025 will depend on the volume of foreign currency purchases or sales announced by the Ministry of Finance on the third business day of each month, indicated the Central Bank.

Taking into account the volume of foreign currency purchases announced by the Ministry of Finance for the period from December 6, 2024 to January 14, 2025 (5.45 billion rubles per day), from December 9 to 14 January, the regulator will sell foreign currency in the amount of 3.41 billion rubles per day.

From January 15 to June 30, the Bank of Russia will buy and sell foreign currencies, based on the volume adjustment announced by the Ministry of Finance at 8.86 billion rubles per day.

At the end of June, the regulator will publish data on the volume of adjustments for the second half of 2025. The adjustment will be based on data from the Ministry of Finance on the volume of net investment of the National Social Welfare Fund (NWF) in assets in rubles during the first half of the year. Funds from the National Welfare Fund will also be taken into account to finance the federal budget deficit outside the budget rule for 2024.

At the end of November, the Central Bank announced the suspension of foreign currency purchases in the domestic market “to reduce the volatility of financial markets.” This occurred against the background of a collapse of the ruble exchange rate: the dollar exchange rate on Forex approached 115 rubles for the first time since March 2022, and the euro exceeded 120 rubles. The trigger for the fall of the ruble was large-scale sanctions against the Russian financial sector, said experts interviewed by RB.RU.