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and Finance for the year 2019, a flexible exchange rate regime tends to outperform a fixed exchange rate regime in terms of welfare. A paper

Inflation targeting Active inflation Liquidity Transition deadline Key rate introduced Floating exchange announced targeting management set rate introduced Dec. 2018 Dec. 2017 communications “Floating rate

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:

yield Foreign exchange rate. In the first half of amid an overall lower risk appetite, given the Q2 May, the ruble exchange rate ranged between

which is to reduce the reliance of the economy, of the real exchange rate and of public finances on a volatile energy price environment so

might lead to strengthened volatility in global commodity and financial markets, affecting exchange rate and inflation expectations. Supply-side factors in the oil market may amplify

which is to reduce the reliance of the economy, of the real exchange rate and of public finances on a volatile energy price environment so

the ruble exchange rate against the US dollar as a ratio of the current month’s exchange rate to the average exchange rate for the

Regulation No. 286-P, Dated 18 April 2006, ‘On Setting and Publishing Official Exchange Rates of Foreign Currencies Against the Ruble by the Bank of Russia

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: