For FREE trading dollars delivered outside Russia:

Dollars purchased in Russia are subject to restricted use for purchase and import of goods. Transfer of dollars, in violation of exchange controls, across the Rusian border is subject to large penalties. The United States Interbank Ruble Currency Exchange provides dollars outside Russia in exchange for rubles delivered inside Russia, WITHOUT physical cross border currency transfers. The FREE market exchange rate generally floats between 110% to 140% of the MICEX rate. (lower ruble value As of July 22 the bid/ask price range floated between 6367-8276. USCIX is an over-the-counter negotiated market.

For Dollars delivered Inside Russia

Weekly Estimate of Exchange Rates From Any Currency

Bank of Latvia - Daily Ruble Rate

Ruble Rate Any Day Since 1990

Exchange Archives 1995 - 1995

Arichives Exchange Rate In Graph Form

Foreign Exchange Risks are a daily part of life for Multi-national companies. This is particularly so for the Ruble currency since the rate is fixed politically rather than by market forces.

Unlike the United States which finances deficits by selling treasury notes in international markets, Russian Monetary policy supports running the printing presses in Perm around the clock without regard to the resulting increase the money supply supply. The effect is inflation. Without fixed exchange rates, the value of the ruble could be expected to tumble.

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