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Russian Ruble
(redirected from Russian Rouble)

   Also found in: Wikipedia 0.01 sec.
Russian Ruble
The currency of Russia. It was issued in 1998, replacing the Soviet ruble (which was also called the Russian ruble after the fall of the Soviet Union). Despite the issue of a new currency, it lost 70% of its value against the U.S. dollar in six weeks as a result of the Russian financial crisis. It is a floating currency.


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Turkey and Russia may start to use the Turkish lira and the Russian rouble in foreign trade, which could increase Turkish exports to Russia, as well as weaken dependence on dollar mediation.
Earlier the Belarussian central bank switched to the dollar peg from a previous Russian rouble link.
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