The predominant colour of the note is blue. On 23 December , another commemorative ruble banknote was issued to celebrate the "reunification of Crimea and Russia". The banknote is printed on light-yellow-coloured cotton paper. One side of the note is devoted to Sevastopol, the other one—to Crimea. It comes out on the surface on the Sevastopol side of the banknote in the figure-shaped window. A multitone combined watermark is located on the unprinted area in the upper part of the banknote.
The Crimea side of the note features the Swallow's Nest , a decorative castle and local landmark. In the lower part of the Sevastopol side of the banknote in the green stripe there is a QR-code containing a link to the Bank of Russia's webpage, which lists historical information related to the banknote.
The predominant colour of the note is olive green. The top part of the note bears a transparent window that contains a holographic element. The design of the note is vertically oriented. The main images of the obverse are a boy with a ball under his arm and a goalkeeper diving for a ball. The main image of the reverse is a stylized image of the globe in the form of a football with green image of the Russian territory outlined on it.
On the reverse there is the number that marks both the issue of the banknote and the World Cup, as well as the name of the host cities in the Russian language. The bottom right corner of the obverse bears a QR-code, which contains a link to the page of the Bank of Russia website with the description of the note's security features. Predominant colours of the note are blue and green. On 23 November , at a meeting of Russian President Vladimir Putin and Chinese Premier Wen Jiabao , it was announced that Russia and China had decided to use their own national currencies for bilateral trade , instead of the US dollar.
The move is aimed to further improve relations between Beijing and Moscow and to protect their domestic economies during the Great Recession. The trading of the Chinese yuan against the ruble has started in the Chinese interbank market, while the yuan's trading against the ruble was set to start on the Russian foreign exchange market in December In January , President Putin said there should be a sound balance on the ruble exchange rate; that the Central Bank only regulated the national currency exchange rate when it went beyond the upper or lower limits of the floating exchange rate; and that the freer the Russian national currency is, the better it is, adding that this would make the economy react more effectively and timely to processes taking place in it.
The financial crisis in Russia in — was the result of the collapse of the Russian ruble beginning in the second half of The lack of confidence in the Russian economy stemmed from at least two major sources.
The first is the fall in the price of oil in The second was the result of international economic sanctions imposed on Russia following Russia's annexation of Crimea and the Russian military intervention in Ukraine. The crisis affected the Russian economy, both consumers and companies, and regional financial markets, as well as Putin's ambitions regarding the Eurasian Economic Union.
From July to February the ruble fell dramatically against the U. Russia faced steep economic sanctions due to the invasion of Ukraine in early In response to the military campaign, several countries [note 3] imposed strict economic sanctions on the Russian economy. This led to a 32 percent drop in the value of the ruble, which traded at an exchange rate of rubles per dollar starting March From Wikipedia, the free encyclopedia.
Currency of the Russian Federation. Partially recognized republics. Main article: Ruble. Further information: Soviet ruble and Monetary reform in Russia, See also: Monetary reform in Russia, Main article: Ruble sign. Russian ruble users, including the Russian Federation. US dollar users, including the United States. Currencies pegged to the US dollar.
Euro users, including the Eurozone. Currencies pegged to the euro. Australian dollar users, including Australia. New Zealand dollar users, including New Zealand. Indian rupee users and pegs, including India. Pound sterling users and pegs, including the United Kingdom. Special drawing rights or other currency basket pegs. Three cases of a country using or pegging the currency of a neighbour. The percentages above are the percent of trades involving that currency regardless of whether it is bought or sold, e.
The Moscow Times. Retrieved 31 October Zavtra in Russian. Retrieved 5 March Archived from the original on 30 September Archived from the original on 10 February Retrieved 10 February Bloomberg News. Archived from the original on 2 March Retrieved 2 March Retrieved 11 April RIA Novosti. Retrieved 6 May Retrieved 9 July Archived from the original on 29 November Retrieved 28 June Lonely Planet. Archived from the original on 30 June The Washington Post. Retrieved 14 May Archived from the original on 13 August Retrieved 11 December The Unicode Consortium.
August Retrieved 10 December Archived from the original on 26 January Retrieved 6 January World of Coins. Retrieved 18 July Archived from the original on 19 May Retrieved 1 April Retrieved 24 August Retrieved 25 March Archived from the original on 28 February Retrieved 26 November Archived from the original on 13 March Retrieved 16 March Central Bank of Russia.
Retrieved 20 May Retrieved 12 July Huffington Post. Malaysian Digest. Archived from the original on 13 June Retrieved 25 October Retrieved 13 June Retrieved 22 January Retrieved 17 December The Financial Times. Retrieved 2 January The New Yorker. The China Post. Agence France-Presse. Archived from the original on 4 December Financial Post.
Retrieved 16 December Archived from the original on 22 December Retrieved 22 December Bank for International Settlements. Archived PDF from the original on 7 February Retrieved 16 September Krause, Chester L. Standard Catalog of World Coins : — 18th ed. Krause Publications.
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Namespaces Article Talk. Views Read Edit View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. However, the Currency Control Law and related regulations still contain a number of restrictions which should be taken into consideration i when dealing with transactions between residents and non-residents in particular when importing and exporting goods and capital ; and ii when importing and exporting foreign currency in cash.
Generally, foreign currency operations between residents are prohibited, although there are some exceptions. For example, residents may borrow from, and then repay to, Russian authorised banks 2 Credit institutions established under Russian law and authorised on the basis of the licences issued by the Central Bank of the Russian Federation to conduct operations in a foreign currency.
Contracts in Russia may be concluded with reference to foreign currencies. However, the actual payment must be made in roubles. This can lead to exchange rate differentials which may arise between the date the transaction is entered into and the payment date. As a result of amendments made to the Currency Control Law in , certain transfers of foreign currency and roubles are deemed to be currency operations, with the effect that certain limitations exist for residents when transferring funds from their accounts, whether held in Russia or abroad, to either accounts they hold abroad or to those held by third parties.
In addition, certain residents of the Russian Federation have been prohibited from opening accounts abroad, holding currency or valuables in foreign banks or entering into transactions with foreign financial instruments. Settlement under rouble transactions for sale of securities between non-residents is also permitted, although it can be subject to Russian securities market, anti-monopoly and other regulations. Foreign currency transactions between residents and non-residents are also generally permitted subject to a few specific restrictions.
Pursuant to Instruction No. Instead, Russian authorised banks are now required to generate data on foreign trade transactions of residents in any foreign currency or in roubles and of non-residents in roubles , by registering contracts in respect of such transactions.
The list of such transactions is formalised in the Instruction and includes, among others, currency conversion operations of both residents and non-residents and cross-border transactions between residents and non-residents. Transaction passports in place as of 1 March are considered closed and are stored in a currency control file with the relevant bank.
In order to register an export contract , the resident-exporter must submit to the Russian authorised bank:. For the purposes of registration, a resident-importer or a resident who is a party to a facility agreement must provide the relevant import contract or facility agreement or an extract from the relevant contract to the Russian authorised bank.
The bank must register the foreign trade contract or facility agreement not later than the next business day after the submission of the specified documents and must assign a unique number to the relevant contract. As a general rule, residents must repatriate roubles and foreign currency received from international trade and commercial activities to their bank accounts held with Russian authorised banks.
Among the exceptions are payments due to a non-resident lender. The bank must also inform the resident of the number assigned to the contract. In addition, amendments to the Currency Control Law adopted in August and April abolished the repatriation requirement in relation to certain types of contracts between residents and non-residents, provided that such contracts are denominated in roubles and also envisage payments in roubles.
The abolition of the repatriation requirement in respect of such contracts is effective 4 Except for supply of wood, charcoal and related goods. The list should be checked on a case-by-case basis. However, this abolition does not affect i the repatriation in relation to proceeds under loan agreements between residents and non-residents; and ii the repatriation required when the pre-paid funds must be returned to a resident because the relevant goods, services or IP rights were not delivered or provided by a non-resident.
Also, from 1 January , the repatriation requirement for residents does not apply to the offsetting of counterclaims for obligations from foreign contracts for providing certain services 7 Such as IT services, production of computer equipment and services for granting of relevant licences; data processing and information placement services; and educational services.
Residents and non-residents can import and export foreign currency in cash subject to the following rules, established by the Customs Code of the Eurasian Economic Union, which came into force on 1 January Generally, as currency control agents, Russian authorised banks are under a duty to monitor compliance with currency control rules as far as transactions involving their accounts are concerned.
Repeated violation of the rules by company officials may result in disqualification from holding office in the management body or the board of directors supervisory board of a legal entity and otherwise managing a legal entity for up to three years.
More serious criminal sanctions may apply under the Russian Criminal Code. We have identified a more suitable language of this document. To change language to please click here or close We have identified a more suitable language of this document.
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The Central Bank of the Russian Federation has set from the following exchange rates of foreign currencies against the ruble without assuming any. Official Foreign Currencies Exchange rates on ; USD, 1, US Dollar, , 0 ; EUR, 1, EURO, , 0. 17 economic data series with tags: Russia, Exchange Rate. National Currency to US Dollar Spot Exchange Rate for the Russian Federation.