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The ruble was the currency of the Russian Empire and of the Soviet Union (as the Soviet ruble). In 1992, the currency imagery underwent a redesign as a result of the fall of the Soviet Union. The first Russian ruble (code: RUR) replaced the Soviet ruble (code: SUR) in September 1993 at par.
- Belarusian ruble - Wikipedia
The German word Thaler (Belarusian: талер), divided into 100...
- Ruble - Wikipedia
The ruble or rouble (/ ˈ r uː b əl /; Russian: рубль, IPA:)...
- 1998 Russian financial crisis - Wikipedia
The Russian financial crisis (also called the ruble crisis...
- Ruble - Simple English Wikipedia, the free encyclopedia
Originally, the ruble was the currency unit of Imperial...
- Russian ruble - Simple English Wikipedia, the free encyclopedia
The Russian ruble or rouble (Russian: рубль rublʹ, plural:...
- Belarusian ruble - Wikipedia
The ruble or rouble (/ ˈ r uː b əl /; Russian: рубль, IPA:) is the currency unit of Belarus and Russia. Historically, it was the name of the currency of the Russian Empire (the Imperial ruble) and, later, of the Soviet Union (the Soviet ruble).
- Background and Course of Events
- Crisis and Effects
- Recovery
- Positive Effect
The Russian economy had set up a path for improvement after the Soviet Union had split into different countries. Russia was supposed to provide assistance to the former Soviet states and, as a result, imported heavily from them. In Russia, foreign loans financed domestic investments. When it was unable to pay back those foreign borrowings, the rubl...
On 17 August 1998, the Russian government devalued the ruble, defaulted on domestic debt, and declared a moratorium on repayment of foreign debt.On that day the Russian government and the Central Bank of Russia issued a "Joint Statement" announcing, in essence, that: 1. the ruble/dollar trading band would expand from 5.3–7.1 RUB/USD to 6.0–9.5 RUB/...
Russia bounced back from the August 1998 financial crash with surprising speed. Much of the reason for the recovery is that world oil prices increased rapidly during 1999–2000 and Russia ran a large trade surplus in 1999 and 2000. Another reason is that domestic industries, such as food processing, had benefited from the devaluation, which caused a...
The crisis was praised by James Cook, the senior vice president of The U.S. Russia Investment Fund, on the basis that it taught Russian bankers to diversifytheir assets. Economist Anders Åslund credits the 1998 financial crisis with providing the decisive push towards real market economy in Romania and most of the post-Soviet countries (which, unti...
The Russian ruble or rouble (Russian: рубль rublʹ, plural: рубли́ rubli; sign: ₽, руб; code: RUB) is the currency of Russia. It is also used in two partially recognized countries, Abkhazia and South Ossetia. It is also used in the unrecognised republics of Donetsk and Luhansk.
The ruble or rouble is the currency of the Russian Federation. The ruble is subdivided into 100 kopecks . It is used in Russia as well as in the parts of Ukraine under Russian military occupation and in Russian-occupied parts of Georgia.
The Ruble is a history of Russia written in the language of money. It shows how economists, landowners, merchants, and peasants understood, perceived, and used financial mechanisms.
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Originally, the ruble was the currency unit of Imperial Russia and then the Soviet Union (as the Soviet ruble). It is currently the currency unit of Russia (as the Russian ruble and Byelorussia (as the Byelorussian ruble). The Russian ruble is also used in Abkhazia and South Ossetia.
