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  2. Russian ruble is now worth less than a penny, infuriating ...

    www.aol.com/finance/russian-ruble-now-worth-less...

    The ruble that Elvira Nabiullina manages crashed through the psychological support of 100 to the U.S. dollar and on Monday is now worth less than a penny, the first time since March 23 of last year.

  3. Russian ruble - Wikipedia

    en.wikipedia.org/wiki/Russian_ruble

    USD / RUB exchange rate 1994-2023 EUR / RUB exchange rate. The first Russian ruble (RUR) introduced in January 1992 depreciated significantly versus the US dollar from US$1 = 125 RUR to around US$1 = 6,000 RUR (or 6 RUB) when it was redenominated in January 1998. The new ruble then depreciated rapidly in its first year to US$1 = 20 RUB before ...

  4. Non-decimal currency - Wikipedia

    en.wikipedia.org/wiki/Non-decimal_currency

    The Russian ruble is often said to have become the first decimalized currency when Peter the Great established the ratio 1 ruble = 100 kopecks in 1701. The Japanese were in some sense earlier calculating with the silver momme and its decimal subunits - but then the momme was not a coin but a unit of weight equivalent to 3.75 g: accounting was ...

  5. 1998 Russian financial crisis - Wikipedia

    en.wikipedia.org/wiki/1998_Russian_financial_crisis

    By 1 August 1998, there was approximately $12.5 billion in debt owed to Russian workers. On 14 August, the exchange rate of the Russian ruble to the US dollar was still 6.29. In June 1998, despite the bailout, monthly interest payments on Russia's debt rose to a figure 40 percent higher than its monthly tax collections.

  6. Redenomination - Wikipedia

    en.wikipedia.org/wiki/Redenomination

    Second Zimbabwean dollar (ZWN) = 1 000 first dollar (ZWD) ... Exchange rate (old units per €) Year Belgium ... Second Russian ruble: 1,000∶1. First Russian ruble ...

  7. Monetary reform in the Soviet Union, 1961 - Wikipedia

    en.wikipedia.org/wiki/Monetary_reform_in_the...

    The second part of the reform was to devalue the ruble against the gold standard, from 14 new rubles per troy ounce to 31.5 new rubles per ounce: by devaluing the official exchange rate of the ruble by 55 5 ⁄ 9 %, US$100 bought 90 new rubles instead of 40.

  8. Russian financial crisis (2014–2016) - Wikipedia

    en.wikipedia.org/wiki/Russian_financial_crisis...

    Annual percentage GDP growth rate of Russia, 2008–2017 Yearly inflation in Russia since 2008 Capital outflow from Russia, billions of USD. The financial crisis in Russia in 2017 (from 2014) [1] [2] was the result of the sharp devaluation of the Russian rouble beginning in the second half of 2014.

  9. Dedollarisation - Wikipedia

    en.wikipedia.org/wiki/Dedollarisation

    Before 1991, Soviet Union and India traded in rupee-ruble exchange during Cold War. [62] Mutual trading between India and Russia is done mostly in rubles and rupees instead of dollars and euros. [63] In March 2022, India and Russia entered for a Rupee–Ruble Trade Arrangement. [64] India is buying Russian oil in U.A.E. dirham and also in ...