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Following the dissolution of the Soviet Union in 1991, the Soviet ruble remained the currency of the Russian Federation until 1992. A new set of coins was issued in 1992 and a new set of banknotes was issued in the name of Bank of Russia in 1993. The currency replaced the Soviet ruble at par and was assigned the ISO 4217 code RUR and number 810.
The ruble or rouble (/ ˈ r uː b əl /; Russian: рубль, IPA:) is a currency unit. Currently, currencies named ruble in circulation include the Russian ruble (RUB, ₽) in Russia and the Belarusian ruble (BYN, Rbl) in Belarus. These currencies are subdivided into one hundred kopeks.
A specimen of a 1922 One Chervonets banknote. Hyperinflation in early Soviet Russia was ultimately halted by the adoption of such gold-backed currency.. Hyperinflation in early Soviet Russia connotes a seven-year period of uncontrollable spiraling inflation in the early Soviet Union, running from the earliest days of the Bolshevik Revolution in November 1917 to the reestablishment of the gold ...
Timeline of Russian history; List of years in Russia; Events from the year 1912 in Russia. ... Moscow Art Theatre production of Hamlet; Births
The Soviet currency had its own name in all the languages of the Soviet Union, often different from its Russian designation. All banknotes had the currency name and their nominal printed in the languages of every Soviet Republic. This naming is preserved in modern Russia; for example: Tatar for 'ruble' and 'kopeck' are сум (sum) and тиен ...
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After the dissolution of the Soviet Union in 1991 and the end of its centrally-planned economy, the Russian Federation succeeded it under president Boris Yeltsin.The Russian government used policies of shock therapy to liberalize the economy as part of the transition to a market economy, causing a sustained economic recession.
The Russian Federation (early Soviet Russia, RSFSR) is the historical heir but not legal successor of the Russian Empire, and the Russian Empire was not party to the Berne Convention (it was not country of Union for the protection of the rights of authors in their literary and artistic works), so according to article 5 of the Convention this ...