Russian ruble (RUB)
Uniqueness Russian currency is, first of all, that many inhabitants of other post-Soviet countries still habitually call their own currency "ruble", keeping the memory of times not so long ago. Ruble - official currency of the Russian Federation. Currency code of the Russian ruble according to ISO 4217 - . RUB.
Background of neighbor-currency relations
The first mention of ruble dates back to the 13th century. It is noteworthy that a close kinship with its modern counterpart can be traced from here - the Ukrainian hryvniaWhen two equivalent types of money appeared in the Novgorod Republic. There are two versions, according to which the ruble got its name either as a result of cutting the hryvnia in half (according to some sources into four parts), or it was equal to it in terms of value, but it was made using a different technology - with a distinctive seam on the edge (the root "rub" meant at that time "border", "edge"). In any case, the "younger brother" quickly displaced the "elder", and by the 15th century the ruble was already dominant in Russia.
In the centuries that have passed until now, Russian currency has seen a lot of things. Both all sorts of transformations and forms of production - the ruble in assignments and bank bills, gold, silver, copper and even platinum rubles - and various images on the banknote itself, ranging from portraits of prominent Russian emperors to the one-off domination of Vladimir Lenin. Russian ruble remembers also that "chervonets" before the emergence of the USSR was called a coin just three rubles, and the subsequent distortion was caused by the emergence of the Soviet chervonets in the face value of 10 rubles, equal to the amount of gold in it 10 rubles of the Russian Empire.
Russian ruble denominations
Paper banknotes of the Russian ruble are currently presented in denominations of 50, 100, 500, 1000 and 5000 rubles. There are coins in denominations of 1, 5, 10, 50 kopecks. In addition, there are also metal analogs of the Russian ruble in denominations of 1, 2, 5, 10 rubles. Since 2012, the banknote of 10 rubles was completely withdrawn from circulation, being replaced by the corresponding coin.
Russia's ruble - without its own symbol and with a tombstone
The main current problem of the Russian ruble remains the absence so far of its official graphic designation. Despite the repeatedly held all-Russian contests and campaigns, with an abundance of variants offered on them, the authorized to make a decision on this issue Central Bank of Russia never reached a verdict.
Currently, two unofficial symbols of the ruble are used: the lowercase letter "p" with a dot ("p.") and the so-called "the Lebedev-Tarbeyev sign."The first variant is more common and recognized by international organizations. The first variant is more widespread and recognized by international organizations, the second is used mainly in online stores.
It is also interesting to note that due to its rich history. Russian ruble even reflected in architecture, though somewhat contradictory. Along with monuments to the currency in Dimitrovgrad and Tomsk, there is also a "ruble tombstone" in the Estonian town of Pajaka. This is how local residents commemorated the introduction of the Estonian krone in 1992 and the end of the Russian currency circulation.
Ruble on Forex
At market the total volume of ruble transactions is approximately 1%The Russian currency is not actively traded by traders due to the lack of free convertibility. The Russian top leadership plans to turn the ruble into a regional reserve currency.