Russian Ruble is the official currency of Russian Federation. It is also used as a medium of exchange in many former soviet republics. Russian ruble is one of the world's oldest currencies. It appeared in 15th century during the so-called Silver Bum. At the time, Russian coins were made of silver. Soaring demand for silver across continental Europe resulted in growth of value of Russian silver coin to a point when they were no longer useful for purchases. People started splitting coins in halves. Russian word for "split" or "cut" is rubit'' and the half coins were called rubles. Even though Russian coins no longer come in halves, the name stuck on.
During the czar rule Russian rubles were one of the worlds highly valued currencies as they were backed by serious stockpiles of gold. During the Bolshevik revolution, most of that gold was shipped out of Russia, so the Soviet ruble's did not have much value. It did not matter anyway as the Soviet rules kept fixed rate of ruble. In 1993 Russian government has removed price fixing, but it continues to intervene into currency markets to keep the value of ruble at a lower rate than it actually is to stimulate Russian export producers.
Democratic revolution of 1991 led to abandonment of price fixing. "The shock therapy" resulted in immediate plunge of national currency as former soviet republics continued to print Russian rubles and exchange them for Russian goods creating inflation in Russia and devaluing its currency. Inflation was as high as 1000% per year! By mid 90s Russian authorities announced that they would no longer allow now formally independent countries to print Russian national currency. Russian ruble grew steadily until 1998 when the Asian financial crisis moved on to Russia. Value of ruble dropped four times overnight and has not changed ever since.
See current exchange rate of Russian currency now. If you need help arranging currency exchange for your trip to Russia we will be glad to assist you. Our representative will come to you hotel in Russia and exchange dollars for rubles at a current market rate.
1. Danil said, “We’re having an environmental awareness day at school tomorrow.” Danil said that they were having an environmental awareness day at school the next day 2. I said, “I run in the park every day.” I said that i ran in the park every day 3. John said, “Did you read the paragraph?” John asked if i had read the paragraph 4.Michael said, “Will you go to school or stay at home?” Michael asked if i would go to school or stay at home 5. I asked, “Who wrote the letter?” I asked who had written the letter 6. Helena asked, “Why has she written this article?” Helen asked why she had written that article 7. Poly asked, “Who goes to the theatre?” Poly asked who went to the theatre 8. Father said to me, “Don’t be late.” Father said to me not to be late 9. Mother said, “Go to the shop and buy some milk.” Mother said to me to go to the shop and buy some milk 10. Nick said, “I can give you a good example.” Nick said that he could give me a good example
Russian Ruble is the official currency of Russian Federation. It is also used as a medium of exchange in many former soviet republics. Russian ruble is one of the world's oldest currencies. It appeared in 15th century during the so-called Silver Bum. At the time, Russian coins were made of silver. Soaring demand for silver across continental Europe resulted in growth of value of Russian silver coin to a point when they were no longer useful for purchases. People started splitting coins in halves. Russian word for "split" or "cut" is rubit'' and the half coins were called rubles. Even though Russian coins no longer come in halves, the name stuck on.
During the czar rule Russian rubles were one of the worlds highly valued currencies as they were backed by serious stockpiles of gold. During the Bolshevik revolution, most of that gold was shipped out of Russia, so the Soviet ruble's did not have much value. It did not matter anyway as the Soviet rules kept fixed rate of ruble. In 1993 Russian government has removed price fixing, but it continues to intervene into currency markets to keep the value of ruble at a lower rate than it actually is to stimulate Russian export producers.
Democratic revolution of 1991 led to abandonment of price fixing. "The shock therapy" resulted in immediate plunge of national currency as former soviet republics continued to print Russian rubles and exchange them for Russian goods creating inflation in Russia and devaluing its currency. Inflation was as high as 1000% per year! By mid 90s Russian authorities announced that they would no longer allow now formally independent countries to print Russian national currency. Russian ruble grew steadily until 1998 when the Asian financial crisis moved on to Russia. Value of ruble dropped four times overnight and has not changed ever since.
See current exchange rate of Russian currency now. If you need help arranging currency exchange for your trip to Russia we will be glad to assist you. Our representative will come to you hotel in Russia and exchange dollars for rubles at a current market rate.
Danil said that they were having an environmental awareness day at school the next day
2. I said, “I run in the park every day.”
I said that i ran in the park every day
3. John said, “Did you read the paragraph?”
John asked if i had read the paragraph
4.Michael said, “Will you go to school or stay at home?”
Michael asked if i would go to school or stay at home
5. I asked, “Who wrote the letter?”
I asked who had written the letter
6. Helena asked, “Why has she written this article?”
Helen asked why she had written that article
7. Poly asked, “Who goes to the theatre?”
Poly asked who went to the theatre
8. Father said to me, “Don’t be late.”
Father said to me not to be late
9. Mother said, “Go to the shop and buy some milk.”
Mother said to me to go to the shop and buy some milk
10. Nick said, “I can give you a good example.”
Nick said that he could give me a good example