EFTA Document EFTA01379417

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach • The Central Bank of Russia implementing monetary policy and intervenes in FX markets to preserve financial stability (http://www.cbr.ru). • 1-week, 28-days and 12-month FX repo auctions are held periodically to aid Russian companies rolling over foreign currency denominated liabilities, principally USD. Allotments are typically several billion dollars in size but have been as large as