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stability. This stability of the exchange rate is achieved precisely when inflation is low. Low inflation benefits the exchange rate far more effectively than any

highly sensitive to exchange rate move- ments marginally declined, a gap with price movements in goods weakly dependent on the exchange rate is narrowing (Figure

the average exchange rate. Source: Bank of Russia. 2x63х82 PRICES FOR GOODS AND SERVICES CHARACTERISED BY HIGH AND LOW SENSITIVITY TO EXCHANGE RATE.................................. Chart 29

policy. That is, it is the exchange rate’s response to monetary policy. Doubtless, the impact of the exchange rate on the economy and the

and precious metals is converted to rubles using the period average USDRUB exchange rate. Source: Bank of Russia. Russia’s balance of payments indicators in

sheet channels), the wealth of investors (the welfare channel), and the ruble exchange rate (the foreign exchange channel).1 Through any of these channels, higher

Exchange Rate of US Dollar Against Ruble*...........................................................................................................77 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 79 3.2.3. Official Exchange Rate:

the procedure for using the charts; • it sets and publishes the official exchange rates of foreign currencies against the ruble; • it takes part in preparing

Law No. 359-FZ, dated 2 July 2021; 15) set and publish official exchange rates of foreign currencies against the ruble; 4 16) participate in making

currency) per month. The amounts of transfers are calculated at the official exchange rate of foreign currencies against the ruble as of the date when