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50 – Russia Ruble
The Russian ruble or rouble (Russian: рубль rublʹ; symbol: ₽, руб; code: RUB) is the official currency of the Russian Federation, and unofficially used in the two partially recognised republics of Abkhazia and South Ossetia and the two unrecognised republics of Donetsk and Luhansk. The ruble is subdivided into 100 kopeks (sometimes written as kopecks or copecks; Russian: копе́йка kopeyka, plural: копе́йки kopeyki). As of April 2019, the Russian ruble is the seventeenth most traded currency in the world, and a free-floating currency.
In September 1993, the Soviet ruble (code: SUR) was replaced with the Russian ruble (code: RUR) at the rate 1 SUR = 1 RUR. In 1998, preceding the financial crisis, the Russian ruble was redenominated with the new code “RUB” and was exchanged at the rate of 1,000 RUR = 1 RUB. However, today only Russia, Belarus and Transnistria use currencies with the same name. The ruble was the first currency in Europe to be decimalised, in 1704, when the ruble became equal to 100 kopeks. The ruble has been used in the Russian territories since the 14th century. Initially, an uncoined unit of account, the ruble became a circulating coin in 1704 just before the establishment of the Russian Empire. It was then succeeded by the Soviet ruble (code: SUR), which was used from 1917 to 1991.
The first modern Russian ruble (code: RUR) was created in December 1991 and used in parallel with the Soviet ruble, which remained in circulation until September 1993. This first ruble was replaced in 1998 by the second Russian ruble (code: RUB) at the rate of 1 RUB = 1,000 RUR.
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