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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.
Five hundred ruble note featuring Peter the Great and a personification of Mother Russia, 1912 1898 Russian Empire one ruble note, obverse, stating its gold equivalence 17.424 dolya or 0.77424 gram. From the 14th to the 17th centuries the ruble was neither a coin nor a currency but rather a unit of weight.
It is usually the smallest denomination within a currency system; 100 kopeks are worth 1 ruble or 1 hryvnia. Originally, the kopeck was the currency unit of Imperial Russia, the Russian Soviet Federative Socialist Republic and then the Soviet Union (as the Soviet ruble). As of 2020, it is the currency unit of Russia, Belarus and Ukraine.
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 ...
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 ...
After the U.S. and its allies sanctioned Russia in 2022 for its invasion of Ukraine, Moscow turned away from the dollar and euro in international transactions and relied more on China’s yuan.
Pages in category "Currencies of Russia" The following 17 pages are in this category, out of 17 total. ... This page was last edited on 18 January 2020, ...
In 1923 and 1924, the Transcaucasian Soviet Federal Socialist Republic (part of the USSR) issued notes of denominations between 1,000 and 10 milliard rubles.. From 1924 and onwards, the Soviet ruble circulated as the official currency of the Transcaucasian SFSR (and the three Soviet Socialist Republics that succeeded the Transcaucasian SFSR).