Central Bank to hold deposit auction - 4 January, 2003

Today, the Russian Central Bank is to hold a deposit auction among credit institutions of the Moscow region, which made a general agreement with the Central Bank. As the external and public relations department of the Central Bank reported, the term of attracting resources to the deposits is 12 calendar days. The date of transferring resources to the deposits is January 4, 2003. The date of the deposit and interest repayment is January 16, 2003. The minimal sum of a deposit is RUR10m (about $314,620). The maximum initial interest rates have not been set.

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