Information from the Central Financial institution of the Russian Federation on thuersday saying that exporters had elevated overseas forex gross sales to $13.9 billion in November from $12.5 billion in October.
- Citing capital controls supposed to correct up the native forex, in early October President Putin reintroduced capital controls mandating some exporters convert their FX revenues
Finance Minister Anton Siluanov on Thursday mentioned the capital controls had been momentary.
Central Financial institution Governor Elvira Nabiullina bravely reiterated her opposition to the controls.
“I am a big opponent of the constant manipulation with currency restrictions”, saying the controls could result in an eventual stream of capital overseas. :
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