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What is RUB?

RUB, Russian ruble, Russia rouble.

What is RUB? It's currency, Russian rouble, p. руб.

Russian coins - kopecks.

All Russian coins are round.

RUB as Russian ruble

The ruble or rouble or рубль is the currency of the Russian Federation. The Russian ruble is used also in Abkhazia and South Ossetia, and unofficially in Belarus. Russian currency code is RUB, other recent currency codes were RUR and SUR. Currently there is no official Russian currency symbol, though the abbreviations руб and p. are in wide use. The ruble is subdivided into 100 kopeks (kopecks, копейка, копейки). According to the Merrypenny Currency Converter the most popular conversion rate is Russian ruble to USD. The second by popularity currency pair is Russian ruble to euro

Currency fact sheet

Russian currency fact sheet.
Name Russian ruble
ISO 4217 code RUB
Sign, symbol руб
Coin 1, 5, 10, 50 kopeks, 1, 2, 5, 10 rubles
Banknote 5, 10, 50, 100, 500, 1,000, 5,000 rubles
Central bank Bank of Russia

More about...

More about the Russian money.

The currency of Russia is the rouble, which, after a shaky period during the 1990's is now enjoying an increasing period of stability. The Russian economy is rapidly modernising and credit cards are widely accepted. Until recently, the US dollar was the currency of choice to take and still is accepted everywhere, though in recent years the euros also has become equally as well accepted.

You may "import" into the Russian Federation up to $10,000 or equivalent and "export" up to $3,000 without declaring it at the customs. If you export from the country a sum of money over $3,000 and up to $10,000 it must be declared on departure.

In 1998 Russia was hit heavily by financial crisis and ruble was redenominated 1 RUB = 1000 RUR, the notes lost three zeros, however the design of banknotes remained the same.

The first Russian paper money were printed in 1769 during the reign of Ekaterina II. Before that coins were the only payment method. The banknotes were printed on white paper and despite of having watermarks, they were massively forged. At Soviet Socialist times even one kopek coins were printed on small pieces of white paper - 1 Kopek. Printed: 1924..

A Russian 50,000 rouble coin.

A modern Russian rouble - gold coin with a face value of 50,000 rubles and a weight of more than 5 kilograms, made of .999 pure gold.

Russian money - 500 rubles.

Probably the most beautiful Russian money in history, issued before the Great Soviet Socialist Revolution.

A pack of Russian roubles.

Russian rouble has fifty shades of red.

Exchange rates

What is the Russian rouble exchange rate today?

National Bank of Russia

The Central Bank of the Russian Federation (Bank of Russia) was founded on July 13, 1990, on the basis of the Russian Republic Bank of the State Bank of the USSR. Accountable to the Supreme Soviet of the RSFSR, it was originally called the State Bank of the RSFSR. In November 1991 the Commonwealth of Independent States was founded and structures of the Soviet Union dissolved, with the same the State Bank of the USSR was dissolved and all its assets, liabilities and property in the RSFSR were transferred to the Central Bank of the RSFSR (Bank of Russia).

When the New Economic Policy (NEP) was launched, the All-Russian Central Executive Committee and the Council of People’s Commissars in 1921 passed resolutions re-establishing the bank under the name of the State Bank of the RSFSR. In 1923 it was transformed into the State Bank of the USSR.

On October 25 (November 7), 1917, the Bolsheviks seized the State Bank building in St. Petersburg, but it was only until two months later that they actually took control of the bank and its operations. Commercial banks and private credit institutions were nationalised and merged with the State Bank, which a month later was renamed the People’s Bank of the Russian Republic, still later it was renamed the People’s Bank of the Russian Soviet Federative Socialist Republic. Until its abolition in 1920, the People’s Bank formally functioned in conformity with its 1894 Charter. The principal function of the bank was to issue paper money.

The State Bank of the Russian Empire was founded in 1860 as Russia’s entire banking system was overhauled. It was established when capitalism was gaining ground in the Russian Empire and it became the first Great Reform carried out by Emperor Alexander II. Considerable state interference in the economy, necessitated by the specific conditions of Russia’s economic development, predetermined the genesis of the State Bank as an institutional element of the government’s economic policy. In the early 1880s the State Bank began to prepare a monetary reform, which was launched in 1895 and ended in 1898 with the introduction of gold monometallism in Russia. In the course of the reform the State Bank was granted the right to issue currency. During the First World War the State Bank mainly financed Russia’s war effort and on the eve of the October 1917 revolution the lion’s share of its assets was represented by treasury bills and loans against interest-bearing securities. The pre-revolutionary history of the State Bank ended with the October Revolution of 1917, when its Soviet history began.

Converters and rates

Easy to use currency converters and fresh exchange rates every weekday.

Find out more about the ruble and rouble by googling for Russian currency.

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