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 ?
Thus, the rate of KZT against the US dollar has improved its competitiveness in comparison with the rate of the Russian ruble against the US dollar," the ministry said.
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.
For the reporting period the depreciation of US Dollar against the Russian Ruble resulted 17 %, the depreciation of Euro against the Russian Ruble resulted 20 % compared to the appreciation of US Dollar and Euro against the Russian Ruble by 30 % and 17 %, respectively, for the prior year.
The increase in operating expenses is explained by an increase in a number of items such as: Taxes other than on income increased by RUB 40,759 million due to an increase in mineral extraction tax and property tax; Transit of gas, oil and refined products increased by RUB 97,287 million, or 34%, due to appreciation of US Dollar and Euro against the Russian Ruble.
This recent market sell-off was exacerbated by the recent devaluation of the Russian ruble and the resultant 90-day moratorium of Russia's foreign debt payments.
The Russian Ruble will be converted into the Renminbi (the Chinese Yuan) and back.
The Russian ruble market exchange rate against som is growing in Bishkek, Tazabek reports on March 26.
If one wants to know whether Kyrgyz som to become stronger or weaker, he or she should watch Russian ruble, Acting First Vice Prime Minister of Kyrgyzstan Joomart Otorbayev said in an interview for 5th TV Channel on March 23.
The cooperation with CFETS on promoting the Russian ruble on the Chinese internal foreign exchange market enables the branch to provide ruble clearing services to Chinese financial institutions and carry out a wide range of customer operations in the Russian ruble in the People s Republic of China.
The recent sharp devaluation of the Russian ruble and the severe market uncertainty in Russia are expected to cause Herbalife's sales in the country to decline substantially in the second half of fiscal 1998 compared to the prior year.
Meanwhile, Russian ruble lost its value against US dollar by 5.

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