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to decrease amid weak demand. This trend was additionally fuelled by the ruble appreciation over the previous months. Services prices went up significantly, primarily due

specified in the agreement between the bank and the customer. As a rule, banks send SMS messages or push notifications. The signs of potential fraud

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

OF RUSSIA), the denomination of the coins ‘3 РУБЛЯ’ (3 RUBLES) or ‘100 РУБЛЕЙ’ (100 RUBLES), the year of issue ‘2025 г.’ (2025), the chemical

of the coin is corrugated and has the inscriptions ‘50 РУБЛЕЙ’ (50 RUBLES) recurring twice and divided by asterisks. The obverse of the coin features

5–10 7–12 7–12 Claims on organisations and households in rubles and foreign currency 16.5 7–10 6–11 8–13 8

on credit, which decreased demand for them and moderated price growth. The ruble strengthening, largely resulting from tight monetary policy, also contributed to disinflation in

on credit, which decreased demand for them and moderated price growth. The ruble strengthening, largely resulting from tight monetary policy, also contributed to disinflation in

of rubles (works, services), to individuals, billions of rubles (including customs duties), billions of rubles billions of rubles billions of rubles billions of rubles 1