3 Rubles (General V.F. Margelov Ryazan Guards Higher Airborne Command School) – Russian Federation
Non-circulating coins
Commemoration: Centenary of the General V.F. Margelov Ryazan Guards Higher Airborne twice Red Banner Order of Suvorov Command School
Russia
Context
Year: 2018
Country: Russia 
Issuer: Russian Federation
Period:
(since 1991)
Currency:
(since 1998)
Total mintage: 2,000
Material
References
Value
Exchange value: 3 RUB
Bullion value: $89.25
Inflation-adjusted value: 5.67 RUB
Obverse
Description:
On the mirror field: the relief National Coat of Arms of the Russian Federation. Above it, along the rim: "РОССИЙСКАЯ ФЕДЕРАЦИЯ" framed by doubled rhombuses. Below the coat of arms: metal/fineness on the left, metal content/mint mark on the right. At the bottom centre: "БАНК РОССИИ", "3 РУБЛЯ", and "2018 г."
Inscription:
РОССИЙСКАЯ ФЕДЕРАЦИЯ
Ag 925 31,1
СПМД
БАНК РОССИИ
3 РУБЛЯ
2018 г.
Ag 925 31,1
СПМД
БАНК РОССИИ
3 РУБЛЯ
2018 г.
Translation:
RUSSIAN FEDERATION
Ag 925 31.1
SPMD
BANK OF RUSSIA
3 ROUBLES
2018
Ag 925 31.1
SPMD
BANK OF RUSSIA
3 ROUBLES
2018
Language: Russian
Engraver: Alexandra Arsenyevna Dolgopolova
Designer: Elena Viktorovna Kramskaya
Reverse
Description:
A relief on the disc's mirror field shows a graduation ceremony with cadets, an airplane, and parachutes. Above is the emblem of the USSR Airborne Forces. The rim is inscribed: "РЯЗАНСКОЕ ГВАРДЕЙСКОЕ ВЫСШЕЕ ВОЗДУШНО-ДЕСАНТНОЕ КОМАНДНОЕ УЧИЛИЩЕ ИМЕНИ ГЕНЕРАЛА АРМИИ В.Ф. МАРГЕЛОВА". At the bottom: "100 ЛЕТ".
Inscription:
РЯЗАНСКОЕ ГВАРДЕЙСКОЕ ВЫСШЕЕ ВОЗДУШНО-ДЕСАНТНОЕ КОМАНДНОЕ УЧИЛИЩЕ ИМЕНИ ГЕНЕРАЛА АРМИИ В.Ф. МАРГЕЛОВА
100
ЛЕТ
100
ЛЕТ
Translation:
Ryazan Guards Higher Airborne Command School Named after Army General V.F. Margelov
100
Years
100
Years
Script: Cyrillic
Language: Russian
Engraver: Alexander Nikolaevich Bessonov
Edge
300 corrugations
Categories
| History> War |
| Person> Military leader |
| Transportation> Aircraft |
Mints
| Name | Mark |
|---|---|
| Saint Petersburg | (СПМД) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2018 | СПМД | 2,000 | Proof |
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