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 ?
com, an online trading platform, said in terms of trade, one would expect a falling rouble could weigh on imports of goods into Russia.
The creditworthiness of chemical companies would benefit the most from a weaker rouble, as at least 50% of their revenues are in US dollars, while their cost bases are mainly in roubles," said Denis Perevezentsev, a Moody's senior analyst.
While it would like to pursue a policy of giving the rouble more freedom, the bank said that it was expecting the currency exchange rate to remain stable.
For the last two weeks, Russians have been queuing up to exchange their roubles for dollars as the economy went into free-fall.
It was the first time the Central Bank had taken such action during the current crisis, indicating the government was giving up efforts to stem the fall of the rouble.
We are very pleased to play a role in bringing spot trading in the Russian rouble to the global marketplace," said David Ogg, CEO, LavaFX.
3 billion roubles, but it was a third of the 102 billion roubles which Rosneft reported in the first quarter.
Rouble appreciation bodes well for rouble-denominated bonds.
Belarus, which accounts for almost 5 percent of Russian exports, devalued its rouble by 20 percent on Jan.
Foreign currency exposures could, if the rouble does not hold,
It has also reduced the amount of daily interventions for reducing rouble volatility inside the corridor by US$100 million, and widened the range in the middle of the corridor where it carries out no interventions to 5.
Over the past two months, however, despite positive momentum in oil prices the rouble has slumped, as capital outflows have dictated the rouble's direction.