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Gov't injects over $9bn in Russia's banking system
RBC, 13.10.2008, Moscow 13:45:57.The Russian Finance Ministry has placed RUB 243.8bn (approx. USD 9.3bn) of federal funds on bank deposits at a weighted average rate of 8.44 percent per annum, the ministry said in a statement. A total of RUB 250bn (approx. USD 9.54bn) was offered at the auction, which saw the participation of 22 banks. The Finance Ministry has set the date for opening deposits for October 14, and November 19 for the withdrawal of funds.
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