The Central Bank has changed the procedure for setting official exchange rates.

“The changes are provided for in Bank of Russia Directive No. 6956-U. The document also provides for the possibility of calculating exchange rates using a cross rate in case trading data for individual currency pairs is not available,” the Central Bank noted.

They added that to ensure the transparency of the calculation mechanism, the instructions include descriptions of all methods for setting rates, including the calculation formulas used. The list of currencies and the calculation method used for each of them is published on the regulator’s website.

The Central Bank will continue to monitor changes in the structure of the exchange market and, if necessary, clarify the mechanism for determining rates in order to “ensure their representativeness as an indicator of the conditions prevailing in the exchange market,” it reads. the statement. says.

Since June, when the United States imposed sanctions against the Moscow Stock Exchange, the Central Bank has been setting the rates of the dollar and euro based on data from bank reports on transactions in the over-the-counter foreign exchange market. Before the sanctions against the site, fees were set based on the platform’s data on currency transactions.

The day before, the Central Bank set the official exchange rates of the dollar and the euro for December 27 at 99.2 rubles and 103.3 rubles, respectively.