Ruble


Ruble
   The ruble (rubl’), sometimes spelled “rouble,” is the main unit of currency in the Russian Federation. One ruble is divided into 100 kopecks (kopeika). The word “ruble” derives from the Russian verb rubit’, which means “to chop off,” and refers to the ancient practice of slicing an amount of silver off an ingot. The ruble coins include 1, 2, 5, and 10 rubles, and are usually minted with special insignia. The ruble banknotes include 10, 50, 100, 500, 1,000, and 5,000 rubles, featuring images of national heroes and important national sites such as the Bolshoy Theater (which appears on the 100 ruble banknote). In the Soviet Union, the foreign exchange value of the ruble was controlled by the state; the ruble was liberalized in the early 1990s, thus exposing the currency to devaluation in 1998 when a global economic downturn triggered the ruble crisis. With economic stabilization under Vladimir Putin, the ruble began to feature in foreign currency exchange offices around the world. Plans are under way to introduce a globally recognized symbol for the ruble to promote confidence in the currency and place it on the same plane with the dollar ($), yen (¥), pound (£), and euro (€). In 2009, one U.S. dollar was worth about 30 Russian rubles.

Historical Dictionary of the Russian Federation. . 2010.

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  • ruble — FINANCE another spelling of rouble * * * ruble UK US (UK ALSO rouble) /ˈruːbl/ noun [C] MONEY ► the currency used in Russia, Abkhazia, Belarus, South Ossetia, and Transnistria, and formerly in the Soviet Union: »The increasing value of the ruble… …   Financial and business terms

  • Ruble — Ru ble, n. [Russ. ruble.] The unit of monetary value in Russia. [1913 Webster] …   The Collaborative International Dictionary of English

  • ruble — unit of Russian monetary system, 1550s, via French, from Rus. rubl , perhaps from rubiti to chop, cut, so called because the original metallic currency of Russia (14c.) consisted of silver bars, from which the necessary amount was cut off …   Etymology dictionary

  • ruble — [ro͞o′bəl] n. [Russ rubl ] the basic monetary unit of Belarus, Russia, and Tajikistan: see the table of monetary units in the Reference Supplement …   English World dictionary

  • Ruble — 5000 Russian rubles issued in 2006 …   Wikipedia

  • ruble — /rooh beuhl/, n. a silver or copper alloy coin and monetary unit of Russia, the Soviet Union, and its successor states, equal to 100 kopecks. Also, rouble. [1545 55; < Russ rubl ; ORuss rubli lit., stump, plug, deriv. of rubiti to chop; prob.… …   Universalium

  • ruble — var. of ROUBLE. * * * ruble [ruble rubles] noun (especially NAmE) = ↑rouble * * * ruble variant of rouble; obs. f …   Useful english dictionary

  • ruble — noun /ˈruble/lang=jbo The ruble (French derived transliteration rouble), a monetary unit of Russia, Belarus and Transnistria equal to 100 kopeks. See Also: carmi, vlipa, tsali, kandi, milxe …   Wiktionary

  • ruble — also rouble noun Etymology: Russian rubl Date: 1554 see money table …   New Collegiate Dictionary

  • ruble — Synonyms and related words: Deutschmark, Mark, Reichsmark, afghani, anna, baht, cent, centavo, centime, conto, dollar, dong, florin, franc, guilder, gulden, kip, kopeck, krona, krone, lira, milreis, peseta, pie, piece of eight, pistareen, pound,… …   Moby Thesaurus