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Russian ruble

From Simple English Wikipedia, the free encyclopedia

TheRussian ruble orrouble (Russian:рубльrublʹ, plural:рубли́rubli;sign:₽, руб;code: RUB) is the currency ofRussia. It is also used in two partially recognized countries,Abkhazia andSouth Ossetia. It is also used in the unrecognised republics ofDonetsk andLuhansk. One ruble is subdivided into 100kopeks (Russian:копе́йкаkopeyka, plural:копе́йкиkopeyki).

Theruble was the currency of theRussian Empire and of theSoviet Union (as theSoviet ruble). Only three countries, Russia,Belarus andTransnistria usecurrencies known as ruble. The ruble was the world's first decimal currency: it wasdecimalised in 1704 when the ruble became equal to 100 kopeks.[1]

In 1992 theSoviet ruble (code: SUR) was replaced with the Russian ruble (code: RUR) at the rate 1 SUR = 1 RUR. In 1998, while Russia was suffering from a second economic crisis, the Russian ruble wasredenominated with the new code "RUB" and was exchanged at the rate of 1 RUB = 1,000 RUR.

References

[change |change source]
  1. ↑The history of Russian ruble and kopeckArchived 19 August 2011 at theWayback Machine at the law-theory.ru(in Russian)
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