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Russian central bank chief says looking at adjusting forex controls – Metro US

Russian central bank chief says looking at adjusting forex controls

FILE PHOTO: Russian Central Bank Governor Elvira Nabiullina attends a
FILE PHOTO: Russian Central Bank Governor Elvira Nabiullina attends a news conference in Moscow

(Reuters) – Russia is looking at adjustments to its forex controls to avoid situations where the rouble exchange deviates on a shadow market from official levels, Central Bank Governor Elvira Nabiullina said on Thursday.

“We are looking at how to adjust forex controls for importers so they are able to buy (foreign currency) on the bourse, for those who are interested in FX,” Nabiullina said.

(This story corrects to say the central bank is not looking for new forex controls but for ways to adjust the existing ones)

(Reporting by Reuters)

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