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  2. Russian ruble is now worth less than a penny, infuriating ...

    www.aol.com/finance/russian-ruble-now-worth-less...

    Following a brief collapse in the initial aftermath of last year’s Feb. 24 invasion, which saw Russia’s fiat tender plunge to a record low of 120 to the dollar, the ruble rebounded to trade at ...

  3. Russian ruble - Wikipedia

    en.wikipedia.org/wiki/Russian_ruble

    The ruble has been used in the Russian territories since the 14th century, [2] and is the second-oldest currency still in circulation, behind sterling. [3] Initially an uncoined unit of account, the ruble became a circulating coin in 1704 just before the establishment of the Russian Empire.

  4. Ruble - Wikipedia

    en.wikipedia.org/wiki/Ruble

    In 1704 Peter the Great finally reformed the old Russian monetary system, minting a silver ruble coin of weight 28.1 g (0.90 ozt) and 72% fineness; hence 20.22 g fine silver. [b] The decision to subdivide it primarily into 100 copper kopeks, rather than 200 Muscovite denga, made the Russian ruble the world's first decimal currency. [2]

  5. Moscow Exchange - Wikipedia

    en.wikipedia.org/wiki/Moscow_Exchange

    The Moscow Exchange also operates Russia's central securities depository, the National Settlement Depository (NSD), and the country's largest clearing service provider, the National Clearing Centre. [3] The exchange was formed in 2011 in a merger of the Moscow Interbank Currency Exchange and the Russian Trading System.

  6. Russia, hit by new US sanctions, halts dollar and euro trade ...

    www.aol.com/news/russia-hit-us-sanctions-halts...

    (Reuters) -New U.S. sanctions against Russia have forced an immediate suspension of trading in dollars and euros on its leading financial marketplace, the Moscow Exchange. The exchange and the ...

  7. Monetary reform in the Soviet Union, 1961 - Wikipedia

    en.wikipedia.org/wiki/Monetary_reform_in_the...

    The first part of the reform was to redenominate the ruble at a ratio of 10 to 1. All prices and salaries would be dealt at one new ruble for every 10 old rubles. Copper coins of 1, 2, 3 and 5 old kopeks were not exchanged: amounts less than one new kopek (or 10 old kopeks) were rounded downwards for essential goods, and upward for the rest.

  8. Soviet ruble - Wikipedia

    en.wikipedia.org/wiki/Soviet_ruble

    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 ...

  9. Trump threatens 100% tariffs on China and Russia if BRICS ...

    www.aol.com/trump-threatens-100-tariffs-china...

    US President-elect Donald Trump threatened to levy 100% tariffs on BRICS -- a China- and Russia-led group of nations with emerging economies -- if the countries decide to issue their own currency.