page_title: Russian ruble
section_title: Second ruble – RUB (1998–present)
hierarchical_section_title: Russian ruble / Second ruble – RUB (1998–present)
caption_attribution_description: English: Foreign Currency uses and pegs, Russian ruble included
context_page_description: The Russian ruble or rouble is the currency of the Russian Federation, the two partially recognised republics of Abkhazia and South Ossetia and the two unrecognised republics of Donetsk and Luhansk. The ruble is subdivided into 100 kopeks.
  The ruble was the currency of the Russian Empire and of the Soviet Union. However, today only Russia, Belarus and Transnistria use currencies with the same name. The ruble was the first currency in Europe to be decimalised, in 1704, when the ruble became equal to 100 kopeks.
  In September 1993 the Soviet ruble was replaced with the Russian ruble at the rate 1 SUR = 1 RUR. In 1998 preceding the financial crisis, the Russian ruble was redenominated with the new code "RUB" and was exchanged at the rate of 1,000 RUR = 1 RUB.
context_section_description: In 1998 the Russian ruble was redenominated with the new ISO 4217 code "RUB" and number 643, and was exchanged at the rate of 1 RUB = 1,000 RUR. The redenomination was an administrative step that reduced the unwieldiness of the old ruble but occurred on the brink of the 1998 Russian financial crisis. The ruble lost 70% of its value against the US dollar in the six months following this financial crisis.
caption: Worldwide official use of foreign currency or pegs. The ruble is used in Russia and the partially recognized states of Abkhazia, South Ossetia, Donetsk People's Republic, and Luhansk People's Republic.   Russian ruble users, including the Russian Federation   US dollar users, including the United States   Currencies pegged to the US dollar   Euro users, including the Eurozone   Currencies pegged to the euro 
     Australian dollar users, including Australia   New Zealand dollar users, including New Zealand   South African rand users (CMA, including South Africa)   Indian rupee users and pegs, including India   Pound sterling users and pegs, including the United Kingdom 
     Special drawing rights or other currency basket pegs   Three cases of a country using or pegging the currency of a neighbour
exif: {}