Russia cbank says too soon to ease forex sale rule

Russian Central Bank Chairman Viktor Gerashchenko said in an interview published on Mar 7, 2001 that it was too early to reduce the percentage of foreign currency receipts that Russian exporters are required to sell in exchange for roubles.

Russian exporters currently have to sell up to 75 percent of their foreign exchange revenues for roubles at a special daily session on the Moscow Interbank Currency Exchange. The central bank is the major buyer. This rule was introduced after the 1998 finan

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