The Central Bank is preparing a bill that will change the conditions for calculating the official exchange rate of the ruble.
The regulator is developing new conditions that will help determine the value of currencies more objectively.
The initiative is currently at the draft stage. The document has been published on the federal website of draft regulatory legal acts.
The Bank of Russia proposes to introduce an additional criterion. The regulator intends to take into account information on transactions that were concluded by at least three different pairs of banks.
However, it is emphasized that no more than 75% of the total volume of relevant transactions in foreign currency should be accounted for by one credit institution.
It turns out that if N-bank conducts so many currency transactions in one day that it takes up 75% of the market, the Central Bank will not take its data into account.
After the introduction of sanctions against the Moscow Exchange, the exchange rate in the Russian Federation is determined by the Bank of Russia.
The source of data is over-the-counter platforms. At the same time, the Central Bank continues to supplement and clarify the methods for determining the ruble exchange rate.
