PRIME-TASS. The Bank of Russia plans to begin cash injections into the Canadian dollar in the next few months, first deputy CBR chairman Alexei Ulyukaev told reporters on the sidelines of the Russian Banking Forum in London.
According to him, CBR has not yet officially decided on Canadian dollar investments and instruments CBR will put funds from hard currency reserves into are under review. “The value of the Canadian dollar-denominated instruments market is under analysis," he noted.
Ulyukaev pointed out Canadian dollar investments will be modest. When asked whether or not this amount will be comparable to cash injections into the Swiss franc, he said this is possible and added the sum won’t exactly exceed Russia’s investments in the Japanese yen whose portion in the country’s international reserves is equal to around 2%.
