Author`s name Pravda.Ru

Seasonal drop in business activity triggers sag in demand for foreign currency - Comments

In January, the demand for foreign currency on the part of the real sector of the economy declined against December 2002, the Russian Central Bank reported. The decrease in the volume of purchased foreign currency was linked to both the seasonal sag in business activity in the real sector of the economy and to a drop in financing of import contracts due to earlier prepaid import supplies.

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