The American newspaper suspects that dollars from the IMF loan were bought for rubles from the sale of GKOs
Ilmar Murtazaev, Moscow: According to USA Today, a few days after the transfer of four and a half billion dollars of IMF funds to Moscow, a number of Russian banks received information about the upcoming ruble devaluation to Moscow. Informed bankers and officials began to sell GKO packages and convert rubles to dollars, buying, among other things, the IMF funds. After that, the purchased currency was transferred abroad, by the way, often, through the ill-fated New York Bank.