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Russia cbank head says may consider buying fx in 2017 if oil price high
December 16, 2016 / 12:35 PM / 10 months ago

Russia cbank head says may consider buying fx in 2017 if oil price high

MOSCOW, Dec 16 (Reuters) - Russia’s central bank may consider buying foreign currency to build up its reserves next year, if oil prices are higher than their current level, the bank’s governor, Elvira Nabiullina, told a news conference on Friday.

But the bank still needs time to take a decision on whether to buy the foreign currency, Nabiullina said. (Reporting by Alexander Winning and Andrey Ostroukh; Writing by Christian Lowe; Editing by Vladimir Soldatkin)

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