The method of multicycle chronoammetry of RRDE makes it possible to obtain separately the partial currents of metal electrode ionization, anodic oxide formation and chemical oxide dissolution. The method is tested for Ag∣Ag 2O∣OH −(H 2O) system. In the range of low anodic potentials (0.48 ÷ 0.51 V) the process of active silver dissolution prevails; the phase formation current rapidly drops. At higher potentials (0.52 ÷ 0.53 V) the phase formation current prevails and noticeably exceeds the rate of the chemical oxide dissolution. The thickness of Ag 2O film rapidly increases; and the net phase formation current is close to 100%.