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August 2021, ‘On Defining the List of News Agencies Publishing Foreign Currency Exchange Rates in Pursuance of Clause 1 of Part 13 of Article 11

Inflation targeting regime with 4% medium-term target rate 2001 – Law on AML/CFT – Introduction of a floating exchange rate regime – Approval of a new corporate

Bound, ZLB; Eggertsson and Krugman 2012), expansionary fiscal policy becomes effective. Fixed exchange rates or ‘fear of floating’ (Calvo and Reinhart 2002; Davila and Korinek

minimum credit rating of A under the Fitch of foreign exchange assets. Ratings and S&P Global Ratings classifications The objective of foreign exchange asset

for access to trading is calculated on each trading day based on exchange rate fluctuations over the past year. The new requirements are intended to

RUB/USD exchange rate hardly changed in August. It was 0.1% down to 73.57 rubles per US dollar. The exchange rate appreciated by

Exchange Rate of US Dollar Against Ruble*.......................................................................................................... 88 3.2.2. Official Exchange Rate of Euro Against Ruble*.................................................................................................................. 90 3.2.3. Official Exchange Rate:

7% of GDP. Source: Federal Treasury 13 Ruble exchange rate Ruble exchange rate Real effective ruble exchange rate 50 7,5 160 55 8,0