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The word ruble has also been used as a name for a currency in circulation in the medieval Grand Duchy of Lithuania, of which Belarus was a major part (see Lithuanian long currency). From the collapse of the Soviet Union until May 1992, the Soviet ruble circulated in Belarus alongside the Belarusian
7th Soviet ruble: 1994 Belarus Break-up of the Soviet Union When Soviet rubles were still in use in Belarus, Belarusian ruble denominations were implied to be ten times more than Soviet rubles. Second Mauritanian ouguiya
The ruble or rouble (/ ˈ r uː b əl /; Russian: рубль, IPA:) is the currency unit of Russia and Belarus. Historically, it was the name of the currency of the Russian Empire (the Imperial ruble) and, later, of the Soviet Union (the Soviet ruble ).
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.
The word ruble is derived from the Slavic verb рубить, rubit', i.e., 'to chop'. Historically, a "ruble" was a piece of a certain weight chopped off a silver ingot , hence the name. The word kopeck or copeck (in Russian: копейка kopeyka) is a diminutive form of the Russian kop'yo (копьё)—a spear.
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.
Note that the Belarusian ruble is pegged to the Euro, Russian rouble and U.S. Dollar in a currency basket. More than 70 countries have had currency boards. Currency boards were most widespread in the early and mid 20th century. [2] Worldwide official use of foreign currency or pegs.
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