On maximum outstanding amount of operations to provide FX currency

The Bank of Russia decided to establish credit institutions’ maximum outstanding amount of Bank of Russia FX repos and FX loans secured by the pledge of claim on FX loans, as equivalent to $25 billion in 2017 (starting 2014, the maximum value was established at $50 billion in US dollar terms).

The Bank of Russia established this maximum outstanding amount due to the considerable decline in demand for FX refinancing from credit institutions as compared with 2014 and taking into account the assessment of possible risks.

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