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Regulation of the Bank of Russia

29.03.06

By Regulation No. 1676-u of 29/03/2006, the Bank of Russia lowered the norm of the mandatory sale of a portion of foreign currency revenue to zero.

1. In accordance with the decision by the Board of Directors of the Bank of Russia (protocol of the Board of Directors meeting No. 5 of March 27, 2006), in clause 1.2 of Instructions of the Bank of Russia No. 111-I of March 30, 2004 On the mandatory sale of a portion of foreign currency revenue in the domestic foreign exchange market of the Russian Federation, registered by the Ministry of Justice of the Russian Federation on April 29, 2004 No. 5779; December 8, 2004 No. 6176 (Bank of Russia Reporter No. 29 of May 13, 2004, and No. 71 of December 16, 2004), the wording “in the amount of 10” is to be modified to “in the amount of 0”.

2. The present Regulation comes into effect 10 days after the day of its official publication in Bank of Russia Reporter.



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