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May 28, 20261
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Bank of Russia Sets Dollar Rate at 71.37 Rubles for May 29
The Bank of Russia set the official dollar exchange rate at 71.3715 rubles for May 29, up 47.03 kopecks, while the euro rate increased to 83.6892 rubles and the yuan rate declined slightly to 10.4487 rubles.
Quick Facts
Who
Bank of Russia
What
Set official dollar exchange rate
When
May 28, 2026
Where
Moscow
- Set official dollar exchange rate
- Adjusted euro exchange rate
- Fixed yuan exchange rate
- Based rates on over-the-counter currency market transaction reports
- Bank of Russia
The Bank of Russia announced on May 28 that the official dollar exchange rate for May 29 would be set at 71.3715 rubles, representing an increase of 47.03 kopecks from the previous day's rate. The central bank also adjusted rates for other major currencies, raising the official euro rate by 96.68 kopecks to 83.6892 rubles. In contrast, the Chinese yuan rate was lowered slightly, fixed at 10.4487 rubles, down 0.7 kopeck from the previous indicator. The Bank of Russia determines official currency rates based on reports submitted by commercial banks regarding transaction results in the over-the-counter currency market. These daily rate adjustments reflect current market conditions and are used as the official benchmark for currency exchange in the Russian economy.
Why This Matters
Daily official exchange rate announcements by central banks directly impact international trade, cross-border investments, and currency conversion costs for businesses and individuals. These rates serve as the benchmark for financial transactions across the Russian economy, affecting import-export pricing, foreign debt servicing, and investment decisions by multinational corporations operating in Russia.
Timeline & Sources
May 28, 2026
WireBank of Russia announced exchange rates for May 29
May 29, 2026
WireOfficial exchange rates take effect