Russian Ruble information
The ruble is the currency used in Russia, Abkhazia, South Ossetia, Belarus and Transnistria. In this post we will focus on the Russian Ruble, the official currency of the Russian Federation, Abkhazia and South Ossetia.
Its ISO 4217 code is RUB. And although its symbol was for many years a "y" with a "p" crossed, since 2013 it was decided that the ruble would have a symbol "P" with a horizontal line: ₽.
History
The first dating from the word "ruble" use comes from the Thirteenth Century and consisted of parts of the hryvnia. In 1704, the ruble became the first decimal currency because 1 ruble equaled 100 copper kopecks. After the Russian Revolution, the Soviet ruble was introduced as the official currency and it was until 1991. From this date the former Soviet republics were acquiring their own currencies and the Russian Federation began broadcasting Russian rubles.
Notes and coins
Both banknotes and coins are issued by the Bank of Russia. Rubles banknotes are divided into: 5, 10, 50, 100, 500, 1000 and 5000 rubles. There are several editions (1997, 2001, 2004, 2010) and to date all have legal validity. At the bottom of each ticket you can see the year of issue.
As for coins, there are 1, 5, 10 and 50 kopecks and 1, 2, 5 and 10 rubles. The coins of 1 and 5 kopecks were stopped in 2012 due to little use made of them, however, they remain in circulation. If you want to familiarize yourself with the notes and coins that you can use on your trip to Russia, visit the website of the Bank of Russia: Central Bank of the Russian Federation.
Rate of the Russian Ruble
In our table of rates you can check the daily rate of the Russian ruble. And you can make a reservation and have them prepared and ready for your trip.
A very important thing to note is that, exchange offices and Russian banks do not accept any folded, wrinkled or any slight imperfection bank notes. For this reason we recommend that you avoid any problems that may occur during your holiday and exchange your Euros for Rubles before the trip.
Also, you do not want to waste your holiday time in queues to buy rubles right?
Have a nice trip!
