Currency Rate
Russian Rouble to USD
Our Currency Rate RUB latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the RUB. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
RUB 0.000002
Selling rate
RUB0.024115
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The Russian ruble (symbol: ₽; code: RUB) is the official currency of Russia.
Currency Details
- Country code RU
- Symbol RUB
- ISO Code RUB
- Subunits 1 Ruble = 100 Kopecks
Coins
- 1 kopek
- 5 kopeks
- 10 kopeks
- 50 kopeks
- 1 ruble
- 2 rubles
- 5 rubles
- 10 rubles
Banknotes
- 50 rubles
- 100 rubles
- 200 rubles
- 500 rubles
- 1000 rubles
- 2000 rubles
- 5000 rubles
The Russian Ruble, commonly abbreviated as RUB, is the official currency of the Russian Federation. Known simply as the "ruble," it is symbolized as "₽" and is subdivided into 100 kopeks. With origins dating back to the 13th century, the ruble is one of the world’s oldest currencies still in circulation. After the dissolution of the Soviet Union, it was reissued in 1992, replacing the Soviet ruble and solidifying its role in modern Russia’s economy.
History and Background
The ruble has a long and complex history, first appearing in medieval Russia as a silver ingot. It became the standardized currency under Peter the Great in the early 18th century. The modern ruble underwent significant changes after the 1991 Soviet collapse, facing hyperinflation before stabilizing in the 2000s. The currency’s name derives from the Russian word "rubit'," meaning "to chop," referencing the way early currency bars were cut into smaller pieces for trade.
The ruble has a long and complex history, first appearing in medieval Russia as a silver ingot. It became the standardized currency under Peter the Great in the early 18th century. The modern ruble underwent significant changes after the 1991 Soviet collapse, facing hyperinflation before stabilizing in the 2000s. The currency’s name derives from the Russian word "rubit'," meaning "to chop," referencing the way early currency bars were cut into smaller pieces for trade.
Economic Significance
The ruble is central to Russia’s economy, which is heavily dependent on oil, natural gas, and mineral exports. Its value is closely tied to global energy prices and international sanctions. The Central Bank of Russia manages the ruble’s exchange rate, occasionally intervening to curb volatility. Unlike some currencies, the ruble is not pegged to another currency, but its stability is influenced by geopolitical factors and trade policies.
The ruble is central to Russia’s economy, which is heavily dependent on oil, natural gas, and mineral exports. Its value is closely tied to global energy prices and international sanctions. The Central Bank of Russia manages the ruble’s exchange rate, occasionally intervening to curb volatility. Unlike some currencies, the ruble is not pegged to another currency, but its stability is influenced by geopolitical factors and trade policies.
Usage and Exchange
The ruble is the only legal tender in Russia and is used for all domestic transactions. Cash remains widely used, though digital payments are growing, especially in major cities like Moscow and St. Petersburg. Foreign exchange is available at banks, exchange offices, and hotels, but restrictions may apply due to economic sanctions. Credit and debit cards are common in urban areas, though international card usage can be limited due to financial isolation measures.
The ruble is the only legal tender in Russia and is used for all domestic transactions. Cash remains widely used, though digital payments are growing, especially in major cities like Moscow and St. Petersburg. Foreign exchange is available at banks, exchange offices, and hotels, but restrictions may apply due to economic sanctions. Credit and debit cards are common in urban areas, though international card usage can be limited due to financial isolation measures.
Conclusion
The Russian ruble is more than just a medium of exchange—it reflects the country’s turbulent history and economic resilience. For travelers and investors, understanding the ruble’s dynamics is crucial when engaging with Russia’s complex financial system. Whether navigating its historic markets or dealing with its resource-rich economy, the ruble remains a key symbol of Russia’s national identity and economic power.
The Russian ruble is more than just a medium of exchange—it reflects the country’s turbulent history and economic resilience. For travelers and investors, understanding the ruble’s dynamics is crucial when engaging with Russia’s complex financial system. Whether navigating its historic markets or dealing with its resource-rich economy, the ruble remains a key symbol of Russia’s national identity and economic power.