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==Exchange rates==
==Exchange rates==
{| class="wikitable" style="font-size: 90%"
{| class="wikitable" style="font-size: 90%"
|+ Russian rubles per USD 1998–2012
|+ Russian rubles per USD 1998–2013
! style="background:#ececec;" rowspan="2"|Year
! style="background:#ececec;" rowspan="2"|Year
!rowspan=17|
!rowspan=18|
! style="background:#ececec;" colspan="2"|Lowest ↓
! style="background:#ececec;" colspan="2"|Lowest ↓
!rowspan=17|
!rowspan=18|
! style="background:#ececec;" colspan="2"|Highest ↑
! style="background:#ececec;" colspan="2"|Highest ↑
!rowspan=17|
!rowspan=18|
!bgcolor=ececec|Average
!bgcolor=ececec|Average
|-
|-
Line 542: Line 542:
|34.0395
|34.0395
|31.0661
|31.0661
|-
!2013
|5 February
|29.9251
|5 September
|33.4656
|31.9063
|-
|-
|colspan="9" style="font-size:90%; line-height: 1em; background:#F2F2F2"|Source: USD exchange rates in RUB, [[Central Bank of Russia|Bank of Russia]]<ref>[http://cbr.ru/currency_base/dynamics.asp USD exchange rates in RUB], [[Central Bank of Russia|Bank of Russia]]</ref>
|colspan="9" style="font-size:90%; line-height: 1em; background:#F2F2F2"|Source: USD exchange rates in RUB, [[Central Bank of Russia|Bank of Russia]]<ref>[http://cbr.ru/currency_base/dynamics.asp USD exchange rates in RUB], [[Central Bank of Russia|Bank of Russia]]</ref>

Revision as of 10:51, 7 January 2014

Russian ruble
Российский рубль Template:Ru icon[1]
5,000 rubles (2006)Coins
ISO 4217
CodeRUB (numeric: 643)
Subunit0.01
Unit
PluralThe language(s) of this currency belong(s) to the Slavic languages. There is more than one way to construct plural forms.
SymbolRUB‎
Denominations
Subunit
 1/100kopeyka (копейка[2])
Symbol
 kopeyka (копейка[2])коп. / к.
Banknotes
 Freq. used50, 100, 500, 1000 rubles
 Rarely used5, 10, 5000 rubles
Coins
 Freq. used10, 50 kopeks, 1, 2, 5, 10 rubles
 Rarely used1, 5 kopeks
Demographics
Official user(s) Russia
Abkhazia Abkhazia
South Ossetia South Ossetia
Unofficial user(s) Belarus[3][4][5][6]
Issuance
Central bankBank of Russia
 Websitewww.cbr.ru
PrinterGoznak
 Websitewww.goznak.ru
MintMoscow Mint and Saint Petersburg Mint
Valuation
Inflation6.6%, 2012
 SourceRIA Novosti
 MethodCPI

The ruble or rouble (Template:Lang-ru rublʹ, plural рубли rubli; see note on English spelling and Russian plurals with numbers) (code: RUB) is the currency of the Russian Federation and the two partially recognized republics of Abkhazia and South Ossetia. Formerly, the ruble was also the currency of the Russian Empire and the Soviet Union before their dissolution. Belarus and Transnistria use currencies with the same name. The ruble is subdivided into 100 kopeks (sometimes transliterated kopecks, or copecks; Template:Lang-ru, kopéyka; plural: копейки, kopéyki). The ISO 4217 code is RUB or 643; the former code, RUR or 810, refers to the Russian ruble before the 1998 redenomination (1 RUB = 1000 RUR).

Since December 2013, the official symbol for the ruble is now RUB, a Cyrillic letter er with a single added horizontal stroke,[7][8] though the abbreviation руб. is in wide use.

Etymology

Main article: Rouble

According to the most popular version, the word "rouble" is derived from the Russian verb руби́ть (rubit'), meaning to chop.

Names of different denominations

In the 18th, 19th and 20th centuries, several coins had individual names:

  • ¼ kopek – polushka
  • ½ kopek – denga or dénezhka
  • 2 kopek – semishnik (mostly disappeared by 20th century), dvúshka (20th century) or grosh
  • 3 kopek – altyn (not in use anymore by the 1960s)
  • 5 kopek – pyaták
  • 10 kopek – grívennik
  • 15 kopek – pyatialtýnny (5 altyn; the usage lived longer than altyn)
  • 20 kopek – dvugrívenny (2 grivenniks)
  • 25 kopek – polupoltínnik (half poltínnik) or chetverták (from the Russian for ¼)
  • 50 kopek – poltína or poltínnik

The amount of 10 roubles (in either bill or coin) is sometimes informally referred to as a chervonets. Historically, it was the name for the first Russian three-rouble gold coin issued for general circulation in 1701. The current meaning comes from the Soviet golden chervonets (сове́тский золото́й черво́нец), issued in 1923. It was equivalent to the pre-revolution 10 gold roubles. All these names are no longer in use, however. The practice of using the old kopek coin names for amounts in roubles is not very common today. In modern Russian slang only these names are used:

  • 1 rouble – tselkóvy (целко́вый), meaning "entire" or "whole" (це́лый)
  • 5 roubles – pyatyórka (пятёрка), pyaták (пята́к), pyatachyók (пятачо́к)
  • 10 roubles – chírik (чи́рик), chervónets (черво́нец) or desyátka (деся́тка)
  • 50 roubles – poltínnik (полти́нник) with some variants like poltishók (полтишо́к), pyótr (Пётр) from picture of monument to the Peter I shown on a bill
  • 100 roubles – stólnik (сто́льник), sótka (сотка)
  • 500 roubles – pyatikhátka (пятиха́тка), originally pyatikátka (пятика́тка)
  • 1,000 roubles – kosár (коса́рь), shtúka (шту́ка) or a hybrid shtukár (штукарь), tónna (то́нна) (mostly in St. Petersburg)
  • 1,000,000 roubles – limón (лимо́н), lyam (лям)

The sixth term derived from "пять кать" (five Catherines). Katya (Катя, Catherina), having been a slang name for the 100 rouble note in tsarist Russia, was used as the note had a picture of Catherine II on it.

The biggest denomination note, as of September 2009, is 5000 roubles, so all the higher amount nicknames refer to amount and not the coin or banknote.

Some of these definitions (chirik, poltos, pyatikatka, and kosar) come from Russian jail slang (Fenya), and are considered vulgar in daily speech.[citation needed]

Currency symbol

The "ruble" symbol used throughout the 17th century, composed of the Russian letters "Р" and "У".

A currency symbol was used for the ruble between the 16th century and the 18th century. The symbol consisted of the Russian letters "Р" (rotated by 90° counter-clockwise) and "У" (written on top of it). The symbol was placed over the amount number it belonged to.[9] This symbol, however, fell into disuse during the 19th century and onward.

The eventual winning Rouble sign design

No official symbol was used during the final years of the Empire, nor was one introduced in the Soviet Union. The characters R[10][11] and руб. were used and remain in use today, though they are not official.[12]

In July 2007, the Central Bank of Russia announced that it would decide on a symbol for the ruble and would test 13 symbols. This included the symbol РР (the initials of России Рубль "Russian ruble"), which has received preliminary approval from the Central Bank.[13] However, one more symbol, a Р with a horizontal stroke below the top similar to the Philippine peso sign, was proposed unofficially.[13] Proponents of the new sign claim that it is simple, recognizable and similar to other currency signs.[14][15][16] This symbol is also similar to the Armenian letter ք.

On December 11, 2013, the Central Bank of Russia approved the winner of the competition for the new ruble sign. The winning symbol, RUB, is now the official ruble sign.[17] As of 2013, it does not yet have a Unicode code point assigned, but work is proceeding to put it through the standardization process for code point assignment.

History

Five hundred rubles featuring Peter the Great and a personification of Mother Russia, 1912

First ruble, antiquity–31 December 1921

1898 Russian Empire one ruble bill, obverse

The ruble has been the Russian unit of currency for about 500 years. From 1710, the ruble was divided into 100 kopeks.

The amount of precious metal in a ruble varied over time. In a 1704 currency reform, Peter I standardized the ruble to 28 grams of silver. While ruble coins were silver, there were higher denominations minted of gold and platinum. By the end of the 18th century, the ruble was set to 4 zolotnik 21 dolya (almost exactly equal to 18 grams) of pure silver or 27 dolya (almost exactly equal to 1.2 grams) of pure gold, with a ratio of 15:1 for the values of the two metals. In 1828, platinum coins were introduced with 1 ruble equal to 77⅔ dolya (3.451 grams).

On 17 December 1885, a new standard was adopted which did not change the silver ruble but reduced the gold content to 1.161 grams, pegging the gold ruble to the French franc at a rate of 1 ruble = 4 francs. This rate was revised in 1897 to 1 ruble = 2⅔ francs (0.774 grams gold).

With the outbreak of the First World War, the gold standard peg was dropped and the ruble fell in value, suffering from hyperinflation in the early 1920s.

Second ruble, 1 January 1922–31 December 1922

In 1922, the first of several redenominations took place, at a rate of 1 "new" ruble for 10,000 "old" rubles. The chervonets (червонец) was also introduced in 1922.

Third ruble, 1 January 1923–6 March 1924

A second redenomination took place in 1923, at a rate of 100 to 1. Again, only paper money was issued. During the lifetime of this currency, the first money of the Soviet Union was issued.

Fourth (gold) ruble, 7 March 1924–1947

A third redenomination in 1924 introduced the "gold" ruble at a value of 50,000 rubles of the previous issue. This reform saw the ruble linked to the chervonets, at a value of 10 rubles. Coins began to be issued again in 1924, whilst paper money was issued in rubles for values below 10 rubles and in chervonets for higher denominations.

Fifth ruble, 1947–1961

Following World War II, the Soviet government implemented a confiscatory redenomination of the currency (decreed on December 14, 1947) to reduce the amount of money in circulation. The main purpose of this change was to prevent peasants who had accumulated cash by selling food at wartime prices from using this to buy consumer goods as the postwar recovery took hold.[18] Old rubles were revalued at one tenth of their face value. This mainly affected paper money in the hands of private individuals. Amounts of 3,000 rubles or less in individual bank accounts were not revalued, while salaries remained the same.

Sixth ruble, 1961–31 December 1997

Further information: Soviet ruble

The 1961 redenomination was a repeat of the 1947 reform, with the same terms applying. The Soviet ruble of 1961 was formally equal to 0.987412 gram of gold, but the exchange for gold was never available to the general public. Following the breakup of the Soviet Union in 1991, the ruble remained the currency of the Russian Federation. A new set of banknotes was issued in the name of Bank of Russia in 1993. During the period of hyperinflation of the early 1990s, the ruble was significantly devalued.

Seventh ruble, 1 January 1998–

See also: Monetary reform in Russia, 1998

The ruble was redenominated on 1 January 1998, with one new ruble equaling 1000 old rubles. The redenomination was a purely psychological step that did not solve the fundamental economic problems faced by the Russian economy at the time, and the currency was devalued in August 1998 following the 1998 Russian financial crisis. The ruble lost 70% of its value against the U.S. dollar in the six months following this financial crisis.

By calculating the product of all six redenominations, it is seen that a pre-1921 ruble is equal to 2×10−16 current rubles.

In November 2004, the authorities of Dimitrovgrad (Ulyanovsk Oblast) erected a five-meter monument to the ruble.

On 23 November 2010, at a meeting of the Russian Prime Minister Vladimir Putin and the Chinese Premier Wen Jiabao, it was announced that Russia and China have decided to use their own national currencies for bilateral trade, instead of the U.S. dollar. The move is aimed to further improve relations between Beijing and Moscow and to protect their domestic economies during the Great Recession. The trading of the Chinese yuan against the ruble has started in the Chinese interbank market, while the yuan's trading against the ruble was set to start on the Russian foreign exchange market in December 2010.[19][20]

Coins

First ruble

At the beginning of the 19th century, copper coins were issued for ¼, ½, 1, 2 and 5 kopeks, with silver 5, 10, 25 and 50 kopeks and 1 ruble and gold 5 although production of the 10 ruble coin ceased in 1806. Silver 20 kopeks were introduced in 1820, followed by copper 10 kopeks minted between 1830 and 1839, and copper 3 kopeks introduced in 1840. Between 1828 and 1845, platinum 3, 6 and 12 rubles were issued. In 1860, silver 15 kopecs were introduced, due to the use of this denomination (equal to 1 złoty) in Poland, whilst, in 1869, gold 3 rubles were introduced.[21] In 1886, a new gold coinage was introduced consisting of 5 and 10 ruble coins. This was followed by another in 1897. In addition to smaller 5 and 10 ruble coins, 7½ and 15 ruble coins were issued for a single year, as these were equal in size to the previous 5 and 10 ruble coins. The gold coinage was suspended in 1911, with the other denominations produced until the First World War.

Constantine ruble

The Constantine ruble (Russian: константиновский рубль, pronounced "konstantinovsky rubl'") is a rare silver coin of the Russian Empire bearing the profile of Constantine, the brother of emperors Alexander I and Nicholas I. Its manufacture was being prepared at the Saint Petersburg Mint during the brief Interregnum of 1825, but it was never minted in numbers, and never circulated in public. The fact of its existence became known in 1857 in foreign publications.[22]

Coins after the Civil War

The first coinage after Russian civil war was minted in 1921-1923 with silver coins in denominations of 10, 15, 20 and 50 kopecks and 1 ruble. Gold chervonets were issued in 1923. These coins bore the emblem and legends of the RSFSR (Russian Federated Soviet Socialist Republic) and depicted the famous slogan, "Workers of the world, Unite!".

In 1924, copper coins were introduced in copper for 1, 2, 3 and 5 kopecks, together with new silver 10, 15 and 20 kopecks, 1 poltinnik (50 kopecks) and 1 ruble. From this issue onward, the coins were minted in the name of the USSR (Union of the Soviet Socialist Republics). The "Workers of the World" slogan was carried forward. However, 1921-1923 coins were allowed to continue circulating. Copper ½ kopeck coins were also introduced in 1925. The 1 ruble was only issued in 1924 and production of the poltinnik was stopped in 1927, while the ½ kopeck ceased to be minted in 1928. Coins of this period were issued in the same sizes as the coins previously used during the Czarist period. In 1926, smaller, aluminium-bronze coins were minted to replace the large copper 1, 2, 3 and 5 kopecks, but were not released until 1928. The larger coins were then melted down. In 1931, the remaining silver coins were also replaced with redesignedcupro-nickel coins depicting a male worker holding up a shield which contained the denominations of each. In 1935, the reverse of the 10, 15, and 20 kopecks was redesigned again with a more simple Art Deco inspired design, with the obverse of all denominations also redesigned, having the slogan "Workers of the world, unite!" dropped. The change of obverse did not affect all 1, 2, 3, and 5 kopeck coins immediately, as some 1935 issues bore the "Workers of the World" design while some bore the new "CCCP" design. The state emblem also went through a series of changes between 1935 and 1957 as new soviet republics were added or created. This coin series remained in circulation during and after the monetary reform of 1947.

The 1958 pattern series: By 1958, plans for a monetary reform were underway and a number of coin pattern designs were being experimented with before implementation. The most notable of these was the 1958 series, all struck in aluminum in denominations of 1, 2, 3, 5, 10, 15, 20, and 50 kopecks and 1, 3, and 5 rubles. These coins all had the same basic design and became the most likely for release. Indeed, they were mass-produced before the plan was scrapped and a majority of them were melted down. During this time, 1957 coins would continue to be restruck off old dies until the new coin series was officially released in 1961. This series is considered the most valuable of Soviet issues due to their scarcity.

1961 style one ruble coin

In 1961, the currency was revalued again, but this time a new coinage was introduced in denominations of 1, 2, 3 and 5 kopecks in aluminium-bronze, and 10, 15, 20 and 50 kopecks and 1 ruble in cupro-nickel-zinc. 50 kopeck and 1 ruble coins dated 1961 had plain edges, but starting in 1964, the edges were lettered with the denomination and date. All 1926-1957 coins were then withdrawn from circulation and demonetized. (Remark of a reader: I lived there in 1961–67, and remember that all the smallest coins—1, 2 and 3 kopecks—remained in the circulation with the new, increased, value of the new kopecks. So, I could collect several coins with the slogan "Workers of the world, unite!" from the change I got in the shops, etc. The form of these coins remained unchanged also after 1961.)

In 1967, a commemorative series of 10, 15, 20, 50 kopecks, and 1 ruble was released, celebrating the 50th anniversary of the Russian Revolution and depicted Lenin and various socialist achievements. Many different commemorative 1 ruble coins were also released, as well as a handful of 3 and 5 rubles. Starting in 1991, both kopeck and ruble coins began depicting the mint marks (M) for Moscow, and (Л) for Leningrad.

In 1991, a new coinage was introduced in denominations of 10 and 50 kopeks, 1, 5 and 10 rubles. The 10 kopecks was struck in brass-plated steel, the 50 kopecks, 1 and 5 rubles were in cupro-nickel and the 10 rubles was bimetallic with an aluminium-bronze centre and a cupro-nickel-zinc ring. The series depicts an image of the Kremlin on the obverse rather than the soviet state emblem. However, this coin series was extremely short lived as the Soviet Union ceased to exist only months after its release. It did however, continue to be used in several former soviet republics, particularly Tajikistan for a short time after the union had ceased to exist out of necessity.

After the fall of the Soviet Union, the Russian Federation introduced new coins in 1992 in denominations of 1, 5, 10, 20, 50 and 100 rubles. The coins depict the double headed eagle above the legend "Банк России." The 1 and 5 rubles were minted in brass-clad steel, the 10 and 20 rubles in cupro-nickel and the 50 and 100 rubles were bimetallic (aluminium-bronze and cupro-nickel-zinc). In 1993, aluminium-bronze 50 rubles and cupro-nickel-zinc 100 rubles were issued, and the material of 10 and 20 rubles was changed to nickel-plated steel. In 1995 the material of 50 rubles was changed to brass-plated steel, but the coins were minted with the old date 1993. As high inflation persisted, the lowest denominations disappeared from circulation and the other denominations became rarely used.

During this period the commemorative one-ruble coin is regularly issued. It's practically identical in size and weight to a 5 Swiss franc coin (worth approx. €3 / US$4). For this reason, there have been several instances of (now worthless) ruble coins being used on a large scale to defraud automated vending machines in Switzerland.[23]

Seventh ruble

In 1998, the ruble was once again revalued and the following coins were introduced:

Currently Circulating Coins[24]
Value Technical parameters Description Date of first minting
Diameter Mass Composition Edge Obverse Reverse
1 kopek 15.5 mm 1.5 g[25] Cupronickel-steel Plain Saint George Value 1997
5 kopeks 18.5 mm 2.6 g[26]
10 kopeks 17.5 mm 1,95 g[27] Brass 1997–2006
Brass plated steel 2006– 		Milled for brass and plain for plated Saint George Value 1997
50 kopeks 19.5 mm 2.9 g[28]
1 ruble 20.5 mm 3.25 g Cupronickel 1997–2009
Nickel plated steel 2009– 		Milled 2-headed eagle emblem of the Bank of Russia Value 1997
2 rubles 23 mm 5.1~5.2 g Broken reeding
5 rubles 25 mm 6.45 g Cupronickelclad-copper 1997–2009
Nickel plated steel 2009– 		1997
10 rubles 22 mm 5.63 g Brass plated steel Broken reeding 2-headed eagle emblem of the Bank of Russia Value 2009
1 ruble 1998
Value Emblem of the Bank of Russia

1 and 5 kopeck coins are rarely used (especially the 1 kopek coin) due to their low value and in some cases may not be accepted by stores or individuals. In some cases, the 10 kopeck coin is disregarded (refused by individuals but is accepted by vendors and is mandatory for offer in exchange).[citation needed]

All these coins began being issued in 1998, despite the fact that some of them bear the year 1997. Kopeck denominations all depict St. George and the Dragon, and all ruble denominations (with the exception of bimetallic commemorative pieces) depict the double headed eagle. Mint marks are denoted by "Л" or "M" on kopecks and the logos of either the Leningrad or Moscow mints on rubles. Since 2000, many bimetallic 10 ruble circulating commemorative coins have been issued. These coins have a unique holographic security feature inside the "0" of the denomination 10.

In 2008, it was proposed by the Bank of Russia to withdraw 1 and 5 kopeck coins from circulation and to round all the prices to 10 kopecks, although the proposal hasn't been realized yet (though characteristic "x.99" prices are treated as rounded in exchange).

The material of 1, 2 and 5 ruble coins was switched from copper-nickel-zinc and copper nickel clad to nickel plated steel in the second quarter of 2009. 10 and 50 kopeks were also changed from aluminum-bronze to brass steel clad.

In October 2009, a new 10 ruble coin made of brass plated steel was issued, featuring optical security features.[29] The 10 ruble banknote would have been withdrawn in 2012, but a shortage of 10-ruble coins prompted the Central Bank to delay this and put new ones in circulation.[30] Bimetallic commemorative 10 ruble coins will continue to be issued.

A series of circulating Olympic commemorative 25 ruble coins will start in 2011. The new coins will be made of cupronickel.[citation needed] A number of commemorative smaller denominations of these coins exist in circulation as well, depicting national historic events and anniversaries.

The Bank of Russia issues other commemorative non-circulating coins ranging from 1–50,000 rubles. See[31] for listing.

Banknotes

Imperial issues

25 Assignation rubles of 1769
1898 Russian Empire one ruble bill, reverse

In 1768, during the reign of Catherine the Great, the Assignation Bank was instituted to issue the government paper money. It opened in St. Petersburg and in Moscow in 1769.

In 1769, Assignation rubles were introduced for 25, 50, 75 and 100 rubles, with 5 and 10 rubles added in 1787 and 200 ruble in 1819. The value of the Assignation rubles fell relative to the coins until, in 1839, the relationship was fixed at 1 coin ruble = 3½ assignat rubles. In 1840, the State Commercial Bank issued 3, 5, 10, 25, 50 and 100 rubles notes, followed by 50 ruble credit notes of the Custody Treasury and State Loan Bank.

In 1843, the Assignation Bank ceased operations, and state credit notes (Russian: государственные кредитные билеты) were introduced in denominations of 1, 3, 5, 10, 25, 50 and 100 rubles. These circulated, in various types, until the revolution, with 500 rubles notes added in 1898 and 250 and 1000 rubles notes added in 1917. In 1915, two kinds of small change notes were issued. One, issued by the Treasury, consisted of regular style (if small) notes for 1, 2, 3, 5 and 50 kopeks. The other consisted of the designs of stamps printed onto card with text and the imperial eagle printed on the reverse. These were in denominations of 1, 2, 3, 10, 15 and 20 kopeks.

Provisional Government issues

In 1917, the Provisional Government issued treasury notes for 20 and 40 rubles. These notes are known as "Kerenski" or "Kerensky rubles". The provisional government also had 25 and 100 rubles state credit notes printed in the U.S.A. but most were not issued.

RSFSR issues

In 1918, state credit notes were introduced by the R.S.F.S.R. for 1, 3, 5, 10, 25, 50, 100, 250, 500, 1,000, 5,000 and 10,000 rubles. These were followed in 1919 by currency notes for 1, 2, 3, 15, 20, 60, 100, 250, 500, 1000, 5000 and 10,000 rubles. In 1921, currency note denominations of 5, 50, 25,000, 50,000, 100,000, 1,000,000, 5,000,000 and 10,000,000 rubles were added.

Second ruble

Only state currency notes were issued for this currency, in denominations of 1, 3, 5, 10, 25, 50, 100, 250, 500, 1,000, 5,000 and 10,000 rubles.

Third ruble

As with the previous currency, only state currency notes were issued, in denominations of 50 kopeks, 1, 5, 10, 25, 50, 100, 250, 500, 1,000, 5,000 and 10,000 rubles. In early 1924, just before the next redenomination, the first paper money was issued in the name of the USSR, featuring the state emblem with 6 bands around the wheat, representing the language of the then 4 constituent republics of the Union: Russian SFSR, Transcaucasian SFSR (Azerbaijani, Armenian, and Georgian), Ukrainian SSR and Byelorussian SSR. They were dated 1923 and were in denominations of 10,000, 15,000, and 25,000 rubles.

Fourth ruble

See also: Soviet ruble

In 1924, state currency notes were introduced for 1, 3 and 5 gold rubles (рубль золотом). These circulated alongside the chervonets notes introduced in 1922 by the State Bank in denominations of 1, 3, 5 10 and 25 chervonets. State Treasury notes replaced the state currency notes after 1928. In 1938, new notes were issued for 1, 3 and 5 rubles, dropping the word "gold".

Fifth ruble

In 1947, State Treasury notes were introduced for 1, 3 and 5 rubles, along with State Bank notes for 10, 25, 50 and 100 rubles.

Sixth ruble

In 1961, new State Treasury notes were introduced for 1, 3 and 5 rubles, along with new State Bank notes for 10, 25, 50 and 100 rubles. In 1991, the State Bank took over production of 1, 3 and 5 ruble notes and also introduced 200, 500 and 1,000 ruble notes, although the 25 ruble note was no longer issued. In 1992, a final issue of notes was made bearing the name of the U.S.S.R. before the Russian Federation introduced notes for 5,000 and 10,000 rubles. These were followed by 50,000 ruble notes in 1993, 100,000 rubles in 1995 and finally 500,000 rubles in 1997 (dated 1995). Since the breakup of the Soviet Union in 1991, Russian ruble banknotes and coins have been notable for their lack of portraits, which traditionally were included under both the Tsarist and Communist regimes. With the issue of the 500 ruble note depicting a statue of Peter I and then the 1000 ruble note depicting a statue of Yaroslav, the lack of recognizable faces on the currency has been partially alleviated.

Banknote Series of the Sixth Ruble
Series Value Obverse Reverse Issuer Languages
1961 1, 3, 5, 10, 25, 50, 100 rubles Vladimir Lenin or views of the Moscow Kremlin Value, and views of the Moscow Kremlin for 50 rubles or higher USSR 15
1991 1, 3, 5, 10, 50, 100, 200, 500, 1000 rubles Russian3
1992 50, 200, 500, 1,000, 5,000, 10,000 rubles USSR for 1000 rubles and lower
Bank of Russia for 5000 and 10,000 rubles 		Russian
1993 100, 200, 500, 1,000, 5,000, 10,000, 50,000 rubles Moscow Kremlin with the tri-color Russian flag Bank of Russia
1995 1,000, 5,000, 10,000, 50,000, 100,000, 500,000 rubles Same design as today's banknotes, where 1 new ruble = 1000 old rubles. See below.4, 5

The 1000 ruble note did not continue as a 1 new ruble note.

Seventh ruble

In 1998, the following banknotes were introduced:

1997 Series[32]
Image Value Dimensions Main Colour Description Date of
Obverse Reverse Obverse Reverse Watermark printing issue
5 rubles (no longer issued)1 137 × 61 mm Green The Millennium of Russia monument on background of Saint Sophia Cathedral in Veliky Novgorod Fortress wall of the Novgorod Kremlin "5", Saint Sophia Cathedral in Novgorod 1997 1 January 1998
10 rubles (no longer issued)2 150 × 65 mm Dark-green and dark-brown Kommunalny Bridge across the Yenisei River in Krasnoyarsk and Paraskeva Pyatnitsa Chapel Krasnoyarsk hydroelectric plant "10", Paraskeva Pyatnitsa Chapel 1 January 1998
20013, 20044
2011
50 rubles Blue and violet, respectively A Rostral Column sculpture on background of Petropavlosk Fortress in Saint Petersburg Old Saint Petersburg Stock Exchange and Rostral Columns "50", Peter and Paul Cathedral
100 rubles Brown-green-burgundy Quadriga on the portico of the Bolshoi Theatre in Moscow The Bolshoi Theatre "100", The Bolshoi Theatre
500 rubles Violet and blue, respectively Monument to Peter the Great, Sedov sailing ship and sea terminal in Arkhangelsk Solovetsky Monastery "500", Monument to Peter the Great
1,000 rubles 157 × 69 mm Blue-green Monument to Yaroslav I the Wise and the Lady of Kazan Chapel in Yaroslavl John the Baptist Church in Yaroslavl "1000", Monument to Yaroslav I the Wise 2000, 20044, 2010
5,000 rubles Red-orange Monument to Nikolay Muravyov-Amursky in Khabarovsk Khabarovsk Bridge over the Amur "5000", Head of the monument to Muravyov-Amursky June 2006, September 2011
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Remarks

  1. The 5 ruble note is very rare now. It is now out of print, although it is still legal tender.
  2. The 10 ruble note is no longer printed starting January 2010, and has been replaced by the 10 ruble coin. But 10 ruble notes are still in use though less common.
  3. Banknotes of the 2001 revision bear the fine print "модификация 2001г." meaning "modification of year 2001" on the left watermark area.
  4. Banknotes of the 2004 revision also bear the similar fine print. More importantly, new security features have been added, including (but not limited to):
  • Moiré pattern: The area appears to be one color from one angle, stripes from another angle.
  • Wider metallic thread
  • Microperforation (100 rubles and above): Denomination numeral formed by dots (small laser perforated holes in the paper)
  • Color shifting ink (500 rubles and above): The emblem of the Bank of Russia for 500 rubles, and the city emblem of Yaroslavl for 1000 rubles.
5. Banknotes of the 2010 revision, like the 1997 and 2004 revisions, bear the print "модификация 2010г." meaning "modification of year 2010" on the left watermark area. The security features on the notes are similar to the 2004 revision, but have been revised, including:
  • 500 rubles
    • The color and styling of the front and back of the partially modified.
    • Embedded security fibers in paper.
    • Wide windowed security thread.
    • Tactile elements for the sight impaired.
    • Horizontal novel serial numbering at left.
    • Magnetic properties.
    • New UV (ultraviolet) printing.
  • 1000 rubles
    • Translucent band
    • OVI bank logo
    • SPARK patch with bear on shield,
    • Electrotype 1000 watermark
    • Solid security thread with demetalized 1000
    • Micro-perforations
    • Intaglio printing
    • Microprinting
    • A slightly darker and refined picture of Yaroslavl kremlin chapel, and Yaroslav I the Wise, as well as a number of changes to shading lines and margins.
  • 5000 rubles
    • The color and styling of the front and back of the partially modified.
    • Dated 2010 at bottom left front.
    • Embedded security fibers in paper.
    • Wide windowed security thread.
    • Coat of arms of Khabarovsk in SPARK ink.
    • Tactile elements for the sight impaired.
    • Horizontal novel serial numbering at left.
    • Magnetic properties.
    • New UV (ultraviolet) printing.
100 Russian rubles issued in 2013, printed in commemoration of the 2014 Winter Olympic Games in Sochi

All Russian paper money is currently printed at the state-owned factory Goznak in Moscow, which was organized on 6 June 1919 and has continued to operate ever since. Coins are minted in Moscow and at the Saint Petersburg Mint, which has been operating since 1724.

Exchange rates

Russian rubles per USD 1998–2013
Year Lowest ↓ Highest ↑ Average
Date Rate Date Rate Rate
1998 1 January 5.9600 29 December 20.9900 9.7945
1999 1 January 20.6500 29 December 27.0000 24.6489
2000 6 January 26.9000 23 February 28.8700 28.1287
2001 4 January 28.1600 18 December 30.3000 29.1753
2002 1 January 30.1372 7 December 31.8600 31.3608
2003 20 December 29.2450 9 January 31.8846 30.6719
2004 30 December 27.7487 1 January 29.4545 28.8080
2005 18 March 27.4611 6 December 28.9978 27.1910
2006 6 December 26.1840 12 January 28.4834 27.1355
2007 24 November 24.2649 13 January 26.5770 25.5808
2008 16 July 23.1255 31 December 29.3804 24.8529
2009 13 November 28.6701 19 February 36.4267 31.7403
2010 16 April 28.9310 8 June 31.7798 30.3679
2011 6 May 27.2625 5 October 32.6799 29.3823
2012 28 March 28.9468 5 June 34.0395 31.0661
2013 5 February 29.9251 5 September 33.4656 31.9063
Source: USD exchange rates in RUB, Bank of Russia[33]
Current RUB exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD CNY INR
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD CNY INR
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD CNY INR
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD CNY INR

See also

References

  1. ^ Template:Lang-ab; Template:Lang-ba; Template:Lang-cv; Template:Lang-kv; Lak: къуруш; Mari: теҥге; Template:Lang-os; Template:Lang-tt; Template:Lang-udm; Template:Lang-sah
  2. ^ Template:Lang-tt; Template:Lang-ba; Template:Lang-cv; Template:Lang-os; Template:Lang-udm; Mari: ыр; Template:Lang-sah
  3. ^ "Belarus may switch to Russian ruble". The Voice of Russia. 15 June 2012.
  4. ^ "Belarus may switch to Russian ruble". The American Resolution. 16 June 2012.
  5. ^ "Is the Russian Ruble Coming to Belarus?". Belarus Digest. 15 June 2012.
  6. ^ "Russian rouble to play a role in Belarus". The Voice of Russia. 6 May 2011.
  7. ^ "Экономика: Деньги: Банк России утвердил символ рубля". Lenta.ru. 25 November 2013. Retrieved 11 December 2013.
  8. ^ 2013-12-11, Russian ruble gets graphic symbol, RT.com
  9. ^ "Забытый знак российского рубля" (in Russian). РИА Новости. Retrieved 6 May 2006.
  10. ^ "Currencies of the World". The University of British Columbia Sauder School of Business. Retrieved 28 June 2007.
  11. ^ "Russia". Lonely Planet. Retrieved 28 June 2007.
  12. ^ Valeria Korchagina (15 June 2006). "'R' for Ruble Is Symbol of Pride". The Moscow Times. Retrieved 28 June 2007.
  13. ^ a b Peter Finn (28 June 2006). "Russians Bet Ruble Will Rise To Status of Dollar, Euro, Yen". The Washington Post. Retrieved 28 June 2007.
  14. ^ "О знаке рубля". 1 August 2007. Retrieved 11 April 2008.
  15. ^ "Знак рубля. Попытка анализа". Imadesign.ru. Retrieved 14 May 2011.
  16. ^ "Оюпюрюио Мнбнярх – Хмтнплюжхъ Н Мнбшу Цюпмхрспюу Х Н Пюгкхвмшу Ьпхтрнбшу Янашрхъу". Fonts.ru. Retrieved 14 May 2011.
  17. ^ "Банк России утвердил символ рубля (English: "The Bank of Russia adopted the symbol of the ruble")". lenta.ru. 11 December 2013. Retrieved 12 December 2013.
  18. ^ An Economic History of the U.S.S.R. by Alec Nove (ISBN 0-14-021403-8), pp. 283, 310.
  19. ^ China, Russia quit dollar China Daily
  20. ^ Chinese minister says China-Russia economic, trade co-op at new starting point Xinhua News
  21. ^ http://www.pjsymes.com.au/articles/three.htm
  22. ^ By 1880 Russian numismatists were well aware of the existence of Constantine rubles, but their first printed description was published only in 1886 – Kalinin, p.1.
  23. ^ Template:De icon "Mit alten Rubelmünzen Automaten am Zürcher HB geplündert". Swissinfo. 15 November 2006.
  24. ^ "Coins, Bank of Russia". Cbr.ru. Retrieved 14 May 2011.
  25. ^ "Монеты, Банк России". Cbr.ru. Retrieved 14 May 2011.
  26. ^ "Монеты , Банк России". Cbr.ru. Retrieved 14 May 2011.
  27. ^ "Монеты, Банк России". Cbr.ru. Retrieved 14 May 2011.
  28. ^ "Монеты, Банк России". Cbr.ru. Retrieved 14 May 2011.
  29. ^ "News article about new 10-ruble coins being issued". Altapress.Ru. 22 September 2009. Retrieved 10 December 2012.
  30. ^ "ЦБ возвращает в оборот 10-рублевые банкноты". Rbc.Ru. 22 December 2011. Retrieved 6 January 2013.
  31. ^ "Commemorative and Investment Coins database, Bank of Russia". Cbr.ru. 22 March 2011. Retrieved 14 May 2011.
  32. ^ "Banknotes and Coins". Cbr.ru. Retrieved 14 May 2011.
  33. ^ USD exchange rates in RUB, Bank of Russia
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