Sunday 4 May 2014

Currency

The basic unit of currency is the ruble in Russia (symbol: RUB), divided into 100 kopecks. The history of this currency goes back to the thirteenth, when it was introduced in the Republic of Novgorod Nowogrodzka as the equivalent of fine silver; was emitted in the form of silver bullion and answered 200 diengom.

There are many theories regarding the origin of the word "ruble". They all differ in detail, but they share one point in common, namely, each of which points to the verb "cut", from which is derived the name of the currency. 

June 29, 2006 exchange rate of the ruble has been released - since then its market value is determined (by this time the ruble exchange rate was determined by the Central).

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