Russian ruble · RUB
₽ symbol · 1 country currently using this currency.
Currency info
Adopted: 1992
Currency family: Other
The ruble's name derives from the Russian word 'rubit,' meaning 'to cut,' referring to pieces of silver cut from larger ingots in medieval times.
- Introduced in 1992 following the dissolution of the Soviet Union to replace the Soviet ruble
- Redenominated in 1998 at a rate of 1,000 old rubles to 1 new ruble due to hyperinflation
- The ruble has been the currency of Russia and its predecessors for over 500 years
- Subject to significant volatility, particularly following international sanctions and geopolitical events
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Soviet ruble