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of the ruble; ‘-’ – appreciation of the ruble.
Sources: Moscow Exchange, Bank of Russia calculations.
The real effective exchange rate (REER) of the ruble, calculated against
liabilities
in rubles in foreign currency in rubles in foreign currency in rubles in foreign currency in rubles in foreign currency in rubles in foreign
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81.2 rubles per dollar in 2026, 89.0 rubles per dollar in 2027 and 96.3 rubles per dollar in 2028. The ruble is
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of the monitoring of the maximum interest rates on deposits1 in Russian rubles of the top 10 credit institutions,2 attracting the largest amount of
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РОССИИ’ (BANK OF RUSSIA), the denomination of the coins ‘2 РУБЛЯ’ (2 RUBLES), the year of issue ‘2026 г.’ (2026), the chemical symbol of the
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РОССИИ’ (BANK OF RUSSIA), the denomination of the coin ‘3 РУБЛЯ’ (3 RUBLES), the year of issue ‘2026 г.’ (2026), the chemical symbol of the