Review 2016: Russian Ruble Gained 21% in Value Against US Dollar

Friday, January 06, 2017

The ruble or rouble is a currency unit of a number of countries in Eastern Europe closely associated with the economy of Russia.

Originally, the ruble was the currency unit of Imperial Russia, and it is currently the currency unit of Belarus, Russia and the partially recognised states of Abkhazia, South Ossetia, and Transnistria. 

The rubles of Belarus, Russia and Transnistria are distinct currencies. In the past, several other countries influenced by Russia and the Soviet Union had currency units that were also named rubles.

One ruble is divided into 100 kopeks.

Ruble gained 21 percent in value against US Dollar over the past year.
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