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Bank of Russia develops additional procedures for setting official foreign exchange rates

3 October 2022
Press release

The Bank of Russia has developed additional procedures for setting official exchange rates of foreign currencies against the ruble to reflect the situation in the markets more accurately. Exchange rates will be set based on data from extra alternative sources such as bank reporting and OTC platforms.

The Bank of Russia has prepared a draft ordinance on making appropriate amendments to the procedure for calculating and publishing official foreign exchange rates.

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