Russian c bank adopts looser rules for for ex sale

RUSSIA - At its session on Friday, the Russian Central Bank's board of directors agreed to liberalise the obligatory sale of foreign currency revenues by exporters, the bank's PR department reported.

The Central Bank's board of directors ruled that since Russia's financial market is recovering, the obligatory sale of part of foreign currency revenues by legal entities may take place via authorized banks on interbank currency exchanges directly to the Central Bank on the over-the-counter interb