The Bank of Russia set the official dollar exchange rate on January 15 at 103.4380 rubles for the first time since December 20, 2024, that is, for the first time in 2025. The euro exchange rate was 106 .2493 rubles, as follows from the information contained on the regulator’s website.

The Central Bank set the dollar exchange rate above 103 rubles for the first time in 2025
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In the interbank market, at 21:52 Moscow time on January 14, the American currency was worth 102.68 rubles, and the European currency was quoted at 105.749 rubles.

After the introduction of US sanctions against the Moscow Stock Exchange, the Central Bank set the rates of the dollar and euro based on data from bank reports on transactions in the over-the-counter foreign exchange market.

At the end of December 2024, the regulator changed the installation procedure to “increase the representativeness” of the courses. Since then, the Central Bank has relied on combined data from the foreign exchange and over-the-counter segments of the foreign exchange market.

In January, the Bank of Russia resumed purchasing foreign currency on the domestic market as part of a reflection of the Finance Ministry’s operations related to the fiscal rule. Operations in the foreign exchange market have been suspended since November 2024 amid a sharp weakening of the ruble.

Author:

Bogdan Muzychenko

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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