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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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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
you to explore together the key topics of 2026
— from the digital ruble and crypto-assets to AI and
supervision — and, through joint training, find solutions
ruble rate fluctuations remain in the range of the past 12 months, and there
are no grounds to argue that a sustainable trend towards ruble