Bank of Russia develops additional procedures for setting official foreign exchange rates

TASS Russian News Agency | Oct 3, 2022 at 2:50 PM

MOSCOW, October 3. /TASS/. Russia's Central Bank has developed additional procedures for setting official exchange rates of foreign currencies against the ruble for reflecting the market situation more accurately, the regulator's press service said in a statement on Monday.

"The Bank of Russia has developed additional procedures for setting official exchange rates of foreign currencies against the ruble to reflect the situation in the markets more accurately. Exchange rates will be set based on data from extra alternative sources such as bank reporting and OTC platforms," the statement said.

The regulator has also prepared a draft ordinance on making appropriate amendments to the procedure for calculating and publishing official foreign exchange rates, the press service added.