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Finance Ministry places more cash with banks
RBC, 29.10.2008, Moscow 13:19:11.The Finance Ministry has placed RUB 68.2bn (approx. USD 2.5bn) of uncommitted budget funds on bank deposits at an annual interest rate of 9.57 percent, the ministry said in a statement. The total amount the ministry was prepared to auction off today was RUB 100bn (approx. USD 3.66bn), while bids were filed for only part of that amount, and interest rates ranged from 9.5 to 10.5 percent. The deposits will be made tomorrow, October 30, and mature on November 6, 2008.
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