3 Rubles (United Nations Convention Against Corruption) – Russian Federation
Non-circulating coins
Commemoration: The 10th Anniversary of the United Nations Convention Against Corruption
Russia
Context
Year: 2015
Country: Russia 
Issuer: Russian Federation
Period:
(since 1991)
Currency:
(since 1998)
Total mintage: 3,000
Material
References
Value
Exchange value: 3 RUB
Bullion value: $88.08
Inflation-adjusted value: 7.27 RUB
Obverse
Description:
Center: Bank of Russia emblem (two-headed eagle, "БАНК РОССИИ"), circled by dots. Rim inscriptions: top – "ТРИ РУБЛЯ"; bottom left – metal and fineness; center – "2015 г."; bottom right – metal content and mint mark.
Inscription:
ТРИ РУБЛЯ
БАНК РОССИИ
• Ag 925 • 2015 г. • 31,1 СПМД •
БАНК РОССИИ
• Ag 925 • 2015 г. • 31,1 СПМД •
Translation:
THREE RUBLES
BANK OF RUSSIA
• Ag 925 • 2015 • 31.1 SPMD •
BANK OF RUSSIA
• Ag 925 • 2015 • 31.1 SPMD •
Language: Russian
Designer and engraver: Alexander Vasilyevich Baklanov
Reverse
Description:
On the disc's mirrored center, two thin lines cross, forming a globe image. Above it: "VI СЕССИЯ КОНФЕРЕНЦИИ СТРАН-УЧАСТНИКОВ КОНВЕНЦИИ ООН ПРОТИВ КОРРУПЦИИ РОССИЯ 2015". Below: "CONFERENCE OF THE STATES PARTIES TO THE UNITED NATIONS CONVENTION AGAINST CORRUPTION" and, on a light rectangle, "VI Session Russia 2015".
Inscription:
VI СЕССИЯ
КОНФЕРЕНЦИИ
СТРАН-УЧАСТНИКОВ
КОНВЕНЦИИ ООН
ПРОТИВ КОРРУПЦИИ
РОССИЯ
2015
Conference of the States Parties
to the United Nations Convention
AGAINST
CORRUPTION
КОНФЕРЕНЦИИ
СТРАН-УЧАСТНИКОВ
КОНВЕНЦИИ ООН
ПРОТИВ КОРРУПЦИИ
РОССИЯ
2015
Conference of the States Parties
to the United Nations Convention
AGAINST
CORRUPTION
Translation:
Sixth Session
of the Conference of the States Parties
to the United Nations Convention
against Corruption
Russia
2015
of the Conference of the States Parties
to the United Nations Convention
against Corruption
Russia
2015
Script: Cyrillic
Language: Russian
Designer: Andrey Anatolyevich Brynza
Edge
300 corrugations
Categories
| Map |
| Symbol> Globe |
| Organization> United Nations |
Mints
| Name | Mark |
|---|---|
| Saint Petersburg | (СПМД) |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2015 | СПМД | 3,000 | Proof |
Historical background
In 2015, the Russian Federation faced a severe currency crisis, marked by a dramatic depreciation of the ruble and a rapid depletion of foreign reserves. This was primarily the result of two simultaneous external shocks: a sharp collapse in global oil prices, which halved the value of Russia's key export, and the impact of economic sanctions imposed by Western nations following the annexation of Crimea in 2014. These sanctions restricted Russian entities' access to international capital markets and advanced technology, crippling investment and exacerbating capital flight, which reached an estimated $150 billion in 2014-2015.
The Central Bank of Russia (CBR) responded with a controversial shift in policy. After spending nearly $90 billion in foreign reserves in late 2014 in a failed attempt to defend the ruble, it moved to a free float in November 2014 and dramatically raised its key interest rate to 17% in December 2014. While this high rate helped stabilize the currency by making ruble assets more attractive and curbing inflation, it also severely stifled economic activity, pushing the economy into a deep recession with GDP contracting by 2% in 2015. Inflation soared to over 15%, drastically eroding household purchasing power.
The situation stabilized by the second half of 2015, but at a significant cost. The ruble settled at roughly half its pre-crisis value against the US dollar, and the Russian economy entered a period of "stagflation" characterized by recession and high inflation. The crisis forced a painful macroeconomic adjustment, reducing imports and government spending. While it underscored the vulnerability of Russia's resource-dependent economy to commodity price swings and geopolitical isolation, it also accelerated a policy of "import substitution" and increased economic focus on alliances with non-Western partners, setting the stage for the country's longer-term financial strategy.
The Central Bank of Russia (CBR) responded with a controversial shift in policy. After spending nearly $90 billion in foreign reserves in late 2014 in a failed attempt to defend the ruble, it moved to a free float in November 2014 and dramatically raised its key interest rate to 17% in December 2014. While this high rate helped stabilize the currency by making ruble assets more attractive and curbing inflation, it also severely stifled economic activity, pushing the economy into a deep recession with GDP contracting by 2% in 2015. Inflation soared to over 15%, drastically eroding household purchasing power.
The situation stabilized by the second half of 2015, but at a significant cost. The ruble settled at roughly half its pre-crisis value against the US dollar, and the Russian economy entered a period of "stagflation" characterized by recession and high inflation. The crisis forced a painful macroeconomic adjustment, reducing imports and government spending. While it underscored the vulnerability of Russia's resource-dependent economy to commodity price swings and geopolitical isolation, it also accelerated a policy of "import substitution" and increased economic focus on alliances with non-Western partners, setting the stage for the country's longer-term financial strategy.
✨ Legendary