Russian Ruble (1991–1998)

Since the early 1990s, the Russian ruble has undergone several rounds of revaluation and redenomination. As a result of these reforms, the ruble is now divided into 100 kopeks. One ruble is equal to 100 kopeks. The ruble is the official currency of the Russian Federation. The Russian ruble was introduced in December 1991, replacing the Soviet ruble. The Soviet ruble was itself replaced by the ruble in December 1991. The ruble is subdivided into 100 kopeks. The name ruble is derived from the Russian word рубль (rubl'), meaning "a piece of silver" or "a silver coin". The ruble was the currency of the Russian Empire and the Soviet Union prior to their dissolution. After the dissolution of the Soviet Union, the ruble remained the currency of the Russian Federation. The ruble is the world's oldest national currency, dating back to the 12th century. The ruble has been used as a unit of account since the 13th century. The first ruble was introduced in 1654, replacing the earlier Russian silver dollar. The name ruble comes from the Russian word рубль (rubl'), meaning "a piece of silver" or "a silver coin". The ruble was the currency of the Russian Empire and the Soviet Union prior to their dissolution. After the dissolution of the Soviet Union, the ruble remained the currency of the Russian Federation. The Russian ruble is the world's oldest national currency, dating back to the 12th century. The ruble has been used as a unit of account since the 13th century. The first ruble was introduced in 1654, replacing the earlier Russian silver dollar.