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and precious metals is converted to rubles using the period average USDRUB exchange rate. ** Using the methodology of the 6th edition of “Balance of Payments

various geopolitical developments, among other factors, which may have an effect on exchange rate and inflation expectations. Upward pressure on prices may also lead to

not affect the exchange rate considerably, and we are striving to ensure that such deals do not significantly impact the exchange rate. Once again, the

Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 87 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 89 3.2.3. Official Exchange Rate:

Chart 12). EXCHANGE RATES IN EMES CHANGED IN A DIVERSE MANNER Chart 9 (02.01.2018 = 100) EXCHANGE RATES IN ADVANCED ECONOMIES* EXCHANGE RATES IN

unchanged in August vs July. 20 10 Influence of the ruble’s exchange rate 0 As anti-epidemic measures were relaxed -10 and trade in non-food

Inflation targeting Active inflation Liquidity Transition deadline Key rate Floating exchange announced targeting management set introduced rate introduced Dec. 2018 Dec. 2019 July 2020 communications

fully floating ruble exchange rate, therefore its dynamics depend on a lot of factors. Moreover, it is important to note that exchange rate fluctuations are

ruble exchange rate?”). How does the exchange rate impact the economy? Exchange rate can impact the economy through different channels. First, the exchange rate directly

dedollarisation of banks' balance sheets, which has reduced the risks associated with exchange rate fluctuations. All this ensured that banks were able to support their