CBR to introduce for ex swap deals on 26 Sept

RUSSIA - The Central Bank of Russia is introducing on 26 September an additional instrument to the bank refinancing system based on the use of foreign currency swap deals.

Interfax News Agency report that the new instrument aims to further develop mechanisms for regulating the short-term liquidity of authorized banks and maintaining stability on the Russian money market, the central bank reported in a press release.

In the swap deals, the central bank will buy dollars for rubles in today deals