The Russian ruble or rouble (Russian: рубль rublʹ; symbol: ₽, руб; code: RUB) is the official currency of the Russian Federation. The ruble is subdivided into 100 kopeks (sometimes written as kopecks or copecks; Russian: копе́йка kopeyka, plural: копе́йки kopeyki). The first Russian ruble (code: RUR) replaced the Soviet ruble (code: SUR) in September 1993 at parity or 1 SUR = 1 RUR. In 1998, preceding the financial crisis, the current ruble was redenominated with the new code "RUB" and was exchanged at the rate of 1 RUB = 1,000 RUR.
The ruble was the currency of the Russian Empire and of the Soviet Union (as the Soviet ruble). In 1992 the currency imagery underwent a redesign as a result of de-Leninization. However, today only Russia, Belarus and Transnistria use currencies with the same name. The Russian ruble is also used in the Russian-controlled parts of Ukraine under military occupation, in the breakaway states of the Donetsk People's Republic and the Luhansk People's Republic in Ukraine, as well as in Abkhazia and South Ossetia in Georgia.
The ruble has been used in the Russian territories since the 14th century,[2] and is the second-oldest currency still in circulation, behind the pound sterling.[3] Initially an uncoined unit of account, the ruble became a circulating coin in 1704 just before the establishment of the Russian Empire. It was also the first currency in Europe to be decimalised in 1704, when it was divided into 100 kopeks. The ruble has seen several incarnations and redenominations during its history, the latest of which is the introduction in 1998 of the current Russian ruble (code: RUB) at the rate of 1 RUB = 1,000 old rubles.
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#ruble #russia #рубль
