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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.
Following the dissolution of the Soviet Union in 1991, the Soviet ruble remained the currency of the Russian Federation until 1992. A new set of coins was issued in 1992 and a new set of banknotes was issued in the name of Bank of Russia in 1993. The currency replaced the Soviet ruble at par and was assigned the ISO 4217 code RUR and number 810.
The central bank has confirmed that about $300 billion worth of assets have been frozen in the West. Total Russian foreign currency and gold reserves totalled $612 billion at the time.
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.
Buying or selling foreign currency on a black market was a serious crime until the late 1980s. Individuals who were paid from abroad (for example writers whose books were published abroad) normally had to spend their currency in a foreign-currency-only chain of state-owned Beryozka ("Birch-tree") stores. Once a free conversion of currency was ...
Developed between 1956 and 1961 as the Soviet Union engaged in a nuclear arms race with the United States, the Tsar Bomba - the King of Bombs - was the largest hydrogen bomb ever and was claimed ...
5,000 Russian rubles of the 2023 series, the highest available nominal in circulation 500 Belarusian rubles of the 2009 series, the highest available nominal in circulation. The ruble or rouble (/ ˈ r uː b əl /; Russian: рубль, IPA:) is the currency unit of Russia and Belarus.