RUB Russian Ruble rates - Foreign Exchange Rates Calculator

RUB - Russian Ruble Rates

RUB (Russian Ruble)↓

Name: Russian Ruble

Symbol: руб kopek: к.

Minor Unit:
1/100 = kopek

RUB Profile

Inflation: 6.8%

Coins:
Freq Used: руб1, руб2, руб5, к.10, к.50
Rarely Used: руб10, к.1, к.5

Banknotes:
Freq Used: руб50, руб100, руб500, руб1000, руб5000
Rarely Used: руб10, руб5

Central Bank:
Bank of Russia
Website: http://www.cbr.ru

Users: Russia, Tajikistan, Abkhazia, more ...

The Ruble has been the currency of Russia for approximately 500 years; it has been used in various countries throughout its history. There have been different versions of the ruble due to the various changes in the currency's value.

	Years	Description of the Ruble
First ruble	1500s-1921	The ruble remained the official currency of Russia until 1921, when it dramatically fell in value In 1710, the ruble was given its first subdivision, kopeks, with 100 kopeks making up one ruble Used a bimetallic standard of gold and silver In 1885, a new standard was adopted and the ruble was pegged to the French franc at a rate of 1 ruble to 4 francs
Second ruble	1921-1922	A redenomination was set at a rate of 1 new to 10,000 old rubles Chervonets were also used starting in 1922
Third ruble	1923-1924	The Soviet Union issued a redenomination at a rate of 1 new to 100 old rubles
Fourth ruble	1924-1947	Known as the gold ruble, the fourth version was issued at a rate of 50 000 old to 1 new ruble
Fifth ruble	1947-1961	Following World War II, another redenomination was set at a rate of 10 old to 1 new ruble
Sixth ruble	1961-1997	Based on the 1947 reform, another redenomination was set After the collapse of the Soviet Union, Russia continued to use the ruble, replacing old banknotes
Seventh ruble	1998-present	In 1998, another redenomination was set at a rate of 1 new to 1,000 old rubles That year, six months after the Russian financial crisis, the RUB lost 70% of its value against the US dollar In 2010, Russia and China decided to use their national currencies for joint trade

RUB - Russian Ruble Rates

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