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The 1961 monetary reform was the last time during the Soviet era in which ruble was redenominated. The next (and most recent) redenomination of the Russian ruble , at a ratio of 1000 to 1, took place on 1 January 1998 – eight years after the dissolution of the Soviet Union.
Reverse of the 1-ruble note of the 1961 series, with the value in all the official languages of the Union Republics. 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.
In early November 2023, the value of the Russian ruble increased slightly reaching a three-month high of 90 against the USD. The Russian key interest rate rose to 15% in October. Capital control measures, including the mandatory FX sales for Russian exporters imposed by Moscow were also effective to support the value of the currency.
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).
The Russian kopeck is also used in two regions of Georgia, and the partially recognised states (including by Russia) of Abkhazia and South Ossetia. Partially recognised Transnistria has its own kopeck. In the past, several other countries influenced by Russia and the Soviet Union had currency units that were also named kopecks.
Between 1961 and 1985, Soviet food imports from foreign producers cost a total of nearly 152 billion dollars. [56] The root of this expense can be identified in the inefficiencies of the Soviet agricultural sector, such as the shortage of workers, lag in technology, or natural factors such as drought or frosts.
Employees of the Russia-backed media network RT funded and directed a scheme that sent millions of dollars to prominent right-wing commentators through a media company that appears to match the ...
The Russian five-ruble banknote was introduced in 1998 (replacing the old 5000 ruble note) and then discontinued in 2001 because of inflation. Until 2023, five-ruble notes were very hard to find in general circulation. The most prominent color of the note is light-green in the background.