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RUB - Russian Ruble

Russia, Ruble

The Russian Ruble is the currency of Russia. Our currency rankings show that the most popular Russia Ruble exchange rate is the RUB to USD rate. The currency code for Rubles is RUB, and the currency symbol is руб. Below, you'll find Russian Ruble rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Russian Ruble News, or take RUB rates on the go with our XE Currency Apps and website. More info ►

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Currency Facts

RUB Stats

Name: Russian Ruble

Symbol: руб kopek: к.

Minor Unit:
1/100 = kopek

Top RUB Conversion:
RUB/USD

Top RUB Chart:
RUB/USD Chart

RUB Profile

Inflation: 3.7%

Coins:
Freq Used: руб1, руб2, руб5, к.10, к.50
Rarely Used: руб10, к.1, к.5

Banknotes:
Freq Used: руб50, руб100, руб500, руб1000, руб5000
Rarely Used: руб10, руб5

Central Bank:
Bank of Russia
Website: http://www.cbr.ru

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Russian Ruble History

The Ruble has been the currency of Russia for approximately 500 years; it has been used in various countries throughout its history. There have been different versions of the ruble due to the various changes in the currency's value.

Years Description of the Ruble
First ruble 1500s-1921
  • The ruble remained the official currency of Russia until 1921, when it dramatically fell in value
  • In 1710, the ruble was given its first subdivision, kopeks, with 100 kopeks making up one ruble
  • Used a bimetallic standard of gold and silver
  • In 1885, a new standard was adopted and the ruble was pegged to the French franc at a rate of 1 ruble to 4 francs
Second ruble 1921-1922
  • A redenomination was set at a rate of 1 new to 10,000 old rubles
  • Chervonets were also used starting in 1922
Third ruble 1923-1924
  • The Soviet Union issued a redenomination at a rate of 1 new to 100 old rubles
Fourth ruble 1924-1947
  • Known as the gold ruble, the fourth version was issued at a rate of 50 000 old to 1 new ruble
Fifth ruble 1947-1961
  • Following World War II, another redenomination was set at a rate of 10 old to 1 new ruble
Sixth ruble 1961-1997
  • Based on the 1947 reform, another redenomination was set
  • After the collapse of the Soviet Union, Russia continued to use the ruble, replacing old banknotes
Seventh ruble 1998-present
  • In 1998, another redenomination was set at a rate of 1 new to 1,000 old rubles
  • That year, six months after the Russian financial crisis, the RUB lost 70% of its value against the US dollar
  • In 2010, Russia and China decided to use their national currencies for joint trade