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Central Bank currency intervention down by 13 times in October

Sputnik International

MOSCOW, November 18 (RIA Novosti) - Russia's Central Bank reduced the volume of currency intervention on the forex market in October to one thirteenth of... 18.11.2005, Sputnik International

2005-11-18T19:09+0000

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Central Bank currency intervention down by 13 times in October

19:09 GMT 18.11.2005

MOSCOW, November 18 (RIA Novosti) - Russia's Central Bank reduced the volume of currency intervention on the forex market in October to one thirteenth of September's level, the bank announced Friday.

The Central Bank bought $1 billion to restrain ruble growth in October compared with $13 billion in September.