Ruble Strengthens by 0.3% on Interbank Market on Wednesday

13:59; 23 September 2026 year

### Russian Ruble Strengthens by 0.3% on Interbank Market On Wednesday, the Russian ruble (RUB) is gaining strength within a range of 0.3% on the interbank market. The ruble is trading at 12.55 rubles per Chinese yuan (CNY/RUB) and at 84.555 rubles per U.S. dollar (USD/RUB). It is worth noting that the Central Bank of Russia (CBR) will be setting official exchange rates for foreign currencies against the ruble starting December 27, 2024, based on combined data from both exchange and over-the-counter segments of the foreign exchange market. This change, outlined in CBR Regulation No. 6956-U, aims to enhance the representativeness of official rates amid growing volumes of off-exchange transactions. Additionally, the document provides for the possibility of calculating currency rates via cross-rates if trading data for certain currency pairs becomes unavailable. Starting June 8, 2026, the Central Bank of Russia has altered the calculation of the official euro-to-ruble (EUR/RUB) exchange rate. Instead of relying on direct euro-ruble trading quotes, the bank now calculates the rate through a cross-currency mechanism using data from the European Central Bank (ECB). The new methodology works as follows: EUR/RUB = USD/RUB × EUR/USD (ECB data). This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.

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