Business · Markets · 2 days ago
Russia’s official dollar rate falls to 84.9 rubles
Russia’s Central Bank lowered the official dollar rate to 84.9 rubles for October 10 and 11, down from 85.42 rubles on October 9.
The official euro rate fell to 94.97 rubles, and the yuan rate dropped to 12.67 rubles.
These rates are set by the central bank and indicate how much rubles the currencies are worth officially.
On October 8, Sberbank finance chief Taras Skvortsov said the ruble was likely to stay near its current level in 2026.
He said he saw no major factors likely to push it lower, citing current oil prices.
He expected the ruble to weaken by a few percent in 2027, without sharp swings.
Separately, Russia’s Finance Ministry plans to spend 279.42 billion rubles buying foreign currency and gold between October 7 and November 6 under its budget rule.
The Bank of Russia set the official dollar rate at 84.9 rubles for October 10 and 11.
The rate was reduced by 0.51 rubles from the rate set for October 9.
The euro rate fell by 0.5 rubles to 94.97 rubles, and the yuan rate fell by 0.06 rubles to 12.67 rubles.
For October 9, the official rates were 85.42 rubles per dollar, 95.47 per euro and 12.73 per yuan.
- Who
- The Bank of Russia.
- What
- It lowered the official dollar rate to 84.9 rubles.
- When
- The rate applies on October 10 and 11, 2026. The change was reported on October 9.
- Where
- Russia.
- Why
- Not stated.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Russia’s Finance Ministry said it would spend 279.42 billion rubles on foreign currency and gold purchases under the budget rule.
The planned currency and gold purchases were to take place.
Sberbank finance director Taras Skvortsov said the ruble was expected to remain at its current level in 2026, with a weakening of several percent in 2027.
The Bank of Russia announced the official rates for October 10 and 11.
- Dollar rate
- 84.9 rubles for October 10 and 11
- Dollar rate change
- Down 0.51 rubles from October 9
- Euro rate
- 94.97 rubles
- Yuan rate
- 12.67 rubles
- October 9 dollar rate
- 85.42 rubles
Sources
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