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Bank of Russia unveils foreign currency purchases

      RBC, 25.03.2009, Moscow 10:43:08.In March 2009, the Bank of Russia bought up several billions of rubles worth of foreign currencies on the domestic market, the bank's First Deputy Chairman Alexei Ulyukayev told journalists today. The amount is less than RUB 10bn (approx. USD 300.57m). The official also informed that the Bank of Russia had downgraded the capital flight forecast for 2009, yet he withheld any specific figures. The current forecast stands at USD 90bn.

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