100 Rubles (All-Russian Church Council and Restoration of the Patriarchate) – Russian Federation
Non-circulating coins
Commemoration: Centenary of the All-Russian Church Council of 1917–1918 and the Restoration of the Patriarchate in the Russian Orthodox Church
Russia
Context
Year: 2018
Country: Russia 
Issuer: Russian Federation
Period:
(since 1991)
Currency:
(since 1998)
Total mintage: 100
Material
References
Value
Exchange value: 100 RUB
Bullion value: $2846.47
Inflation-adjusted value: 189.05 RUB
Obverse
Description:
The obverse features the State Coat of Arms of the Russian Federation, inscriptions for "RUSSIAN FEDERATION," "BANK OF RUSSIA," "100 ROUBLES," "2018," metal specifications, the mint mark, and fine metal content.
Inscription:
РОССИЙСКАЯ ФЕДЕРАЦИЯ
Ag 925 1 КГ
СПМД
БАНК РОССИИ
100 РУБЛЕЙ
2018 г.
Ag 925 1 КГ
СПМД
БАНК РОССИИ
100 РУБЛЕЙ
2018 г.
Translation:
RUSSIAN FEDERATION
Ag 925 1 KG
SPMD
BANK OF RUSSIA
100 ROUBLES
2018
Ag 925 1 KG
SPMD
BANK OF RUSSIA
100 ROUBLES
2018
Language: Russian
Engraver: Alexandra Arsenyevna Dolgopolova
Designer: Elena Viktorovna Kramskaya
Reverse
Description:
A relief of Patriarch Tikhon with angels above him, backed by images of the Cathedral of Christ the Saviour and the Dormition Cathedral. The circumferential inscription marks the centenary of the 1917–1918 All-Russian Church Council and the restoration of the Patriarchate.
Inscription:
100-ЛЕТИЕ ВСЕРОССИЙСКОГО ЦЕРКОВНОГО СОБОРА 1917–1918 ГОДОВ И ВОССТАНОВЛЕНИЯ ПАТРИАРШЕСТВА В РУССКОЙ ПРАВОСЛАВНОЙ ЦЕРКВИ
Translation:
100th Anniversary of the All-Russian Church Council of 1917–1918 and the Restoration of the Patriarchate in the Russian Orthodox Church.
Script: Cyrillic
Language: Russian
Designer: Elena Viktorovna Kramskaya
Edge
360 corrugations
Categories
| Building> Religious building |
Mints
| Name | Mark |
|---|---|
| Saint Petersburg | (СПМД) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2018 | СПМД | 50 | Proof | |
| 2018 | СПМД | 50 | Prooflike |
Historical background
In 2018, the Russian ruble faced significant pressure, becoming one of the worst-performing currencies globally that year. The primary drivers were a combination of new U.S. sanctions and falling oil prices. In April, the U.S. imposed severe sanctions on several Russian oligarchs, their companies, and key government officials, causing immediate capital flight and a loss of investor confidence. This financial shock was compounded by a decline in the price of Brent crude, a crucial benchmark for Russia's oil-dependent economy, which fell from over $86 per barrel in October to near $50 by year's end. These twin shocks exposed the Russian economy's ongoing vulnerability to external geopolitical and commodity market forces.
The Central Bank of the Russian Federation (CBR) responded with a strategy focused on controlling inflation and maintaining financial stability, rather than defending a specific exchange rate. It allowed the ruble to float freely, acting as a "shock absorber" for the economy. Throughout the year, the CBR gradually increased its key interest rate, culminating in a hike to 7.75% in December, aimed at curbing inflation risks and making ruble assets more attractive to stem capital outflow. This approach, while leading to a significantly weaker currency, helped preserve foreign exchange reserves and prevented a full-blown financial crisis.
By the close of 2018, the ruble had depreciated by approximately 17% against the U.S. dollar compared to the start of the year. The situation underscored the lasting impact of the sanctions regime first imposed in 2014 and highlighted the structural challenges of an economy heavily reliant on hydrocarbon exports. Despite the volatility, the government's budget, calibrated to lower oil prices, and the CBR's orthodox monetary policy provided a degree of resilience, preventing the kind of panic seen during the 2014-2015 crisis, though at the cost of reduced purchasing power for the Russian population.
The Central Bank of the Russian Federation (CBR) responded with a strategy focused on controlling inflation and maintaining financial stability, rather than defending a specific exchange rate. It allowed the ruble to float freely, acting as a "shock absorber" for the economy. Throughout the year, the CBR gradually increased its key interest rate, culminating in a hike to 7.75% in December, aimed at curbing inflation risks and making ruble assets more attractive to stem capital outflow. This approach, while leading to a significantly weaker currency, helped preserve foreign exchange reserves and prevented a full-blown financial crisis.
By the close of 2018, the ruble had depreciated by approximately 17% against the U.S. dollar compared to the start of the year. The situation underscored the lasting impact of the sanctions regime first imposed in 2014 and highlighted the structural challenges of an economy heavily reliant on hydrocarbon exports. Despite the volatility, the government's budget, calibrated to lower oil prices, and the CBR's orthodox monetary policy provided a degree of resilience, preventing the kind of panic seen during the 2014-2015 crisis, though at the cost of reduced purchasing power for the Russian population.
✨ Legendary