Russian Ruble

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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.
References in periodicals archive ?
The ruble has been trading around the 55 mark against the dollar over the past few days having slid at one point last week to around 80.
Following Putin's performance, the Russian currency traded between 60 and 62 rubles to the dollar, roughly the same level as late Wednesday, when it rallied 12 percent after plummeting to a historic low of 80 rubles per dollar.
Having more non-ruble debt hedged means Russian companies have further flexibility to increase non-ruble exposure, a critical factor considering that despite its improvements, the ruble debt markets remain far tighter than Western markets.
It is ironic that the Russian ruble has lost 10 per cent of its value against the dollar since late April even though the Russian central bank will not ease its monetary policy and has amassed one of the planet's great petrodollar reserve hoards.
Ruble argues that in these settings, none of which was overly burdened by the heavy hand of state power (national capitals having been located elsewhere, although Moscow became a capital after the Bolshevik Revolution), no group or interest succeeded in asserting and maintaining hegemony over others.
2) The passages in contemporary published and unpublished IMF papers, to which they draw attention, mostly emphasize the arguments for maintaining the ruble area, especially its potential benefits for trade and payments.
Officials at the Ministry of International Trade and Industry, meanwhile, said trade relations between Japan and Russia will not be affected very seriously by the de facto devaluation of the ruble.
The CME's launch of Russian ruble futures and options will culminate months of planning," said CME President and CEO Rick Kilcollin.
The new joint venture is a majority-owned ruble business that relies on locally sourced equipment, supplies, and labor, and direct sales to hospitals through a new sales and distribution network.
The ruble really isn't money, in the sense we think of it in the West," Potvin explained.
LOS ANGELES -- Harris & Ruble announces that Master P, the entertainer and entrepreneur also known as Percy Miller, has been found personally responsible in a successful employee action for unpaid wages.