The word ruble is derived from the Slavic verb рубить, rubit', i.e., 'to chop'. Historically, a "ruble" was a piece of a certain weight chopped off a silver ingot (grivna), hence the name.
The word kopeck or … See more

First Soviet ruble (paper), 1917–1922
The first ruble issued for the Soviet government was a preliminary issue still based on the … See more

The Soviet Union officially valued the ruble in the planned economy at an average of US$1.35 (or Rbl 0.74 per US dollar; see below) from 1971 to … See more

• Hyperinflation in early Soviet Russia
• List of commemorative coins of the Soviet Union See more

The Soviet currency had its own name in all the languages of the Soviet Union, often different from its Russian designation. All banknotes had the … See more

The Soviet Union ran a planned economy, where the government controlled prices and the exchange of currency. Thus the Soviet ruble did not function like a currency in a See more

Shortly after the fall of the Soviet Union in 1991, local currencies were introduced in the newly independent states. Most of the new economies were weak and hence most of the … See more