Ruble has traded within established 75-85 per dollar range since 2025 — Central Bank

AI Summary

The Bank of Russia's Monetary Policy Department noted that the ruble has traded within a stable 75-85 per dollar range since 2025 despite significant economic shocks. This stability implies resilience in the Russian currency amid adverse conditions.

Director of the Monetary Policy Department at the Bank of Russia Andrey Gangan emphasized that over the past five years the Russian economy has repeatedly faced major shocks that had a significant impact on the ruble exchange rate