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ruble

 
Dictionary: ru·ble  rou·ble ('bəl) pronunciation
 
also n.

A basic unit of currency in Russia.

[Russian rubl', from Old Russian rublĭ, cut, piece (probably originally a piece cut from a silver bar), from rubiti, to chop, hew.]


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Monetary unit of Russia.

 

The basic unit of Russian currency.

The term ruble (rubl') emerged in thirteenth-century Novgorod, where it referred to half of a grivna. The term derives from the verb rubit (to cut), since the original rubles were silver bars notched at intervals to facilitate cutting. The ruble was initially a measure of both value and weight, but not a minted currency. Under the monetary reform of 1534, the ruble was defined as equal to 100 kopecks or 200 dengi. Other subdivisions of the ruble were the altyn (3 kopecks), the grivennik (10 kopecks), the polupoltina (25 kopecks), and the poltina (50 kopecks). A highly inflationary copper ruble circulated during Alexei Mikhailovich's currency reform (1654 - 1663), the first instance of minted ruble coins.

In 1704 the government began the regular minting of silver rubles, defined initially as equal to 28 grams of silver but declining steadily to 18 grams by the 1760s. Gold coins were minted in 1756 and 1779, copper rubles in 1770 and 1771. From 1769 to 1849, irredeemable paper promissory notes called assignatsii (sing. assignatsiya) circulated alongside the metal currency.

Nicholas I reestablished the silver ruble as the basic unit of account. In 1843 he introduced a new paper ruble that remained convertible only until 1853. In 1885 and 1886, the silver ruble, linked to the French franc, was reinstated as the official currency. Sergei Witte's reforms in 1897 introduced a gold ruble, and Russia remained on the gold standard until 1914. Fully convertible paper currency circulated at the same time. A worthless paper ruble (kerenka) was used at the close of World War I.

The first Soviet ruble - a paper currency - was issued in 1919, and the first Soviet silver ruble appeared in 1921. Ruble banknotes were introduced in 1934. A 1937 reform set the value of the ruble in relation to the U.S. dollar, a practice that ended in 1950 with the adoption of a gold standard. Monetary reforms were implemented in 1947, 1961, and 1997.

Bibliography

Spassky, Ivan Georgievich. (1968). The Russian Monetary System: A Historico-Numismatic Survey, tr Z. I. Gorishina and rev. L. S. Forrer. Amsterdam: J. Schulman.

—JARMO T. KOTILAINE

 
Exchange Rate: ruble
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Rouble

Is the currency for: Russia

 
Word Tutor: ruble
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pronunciation

IN BRIEF: The basic unit of money in Russia.

pronunciation What can you buy for a ruble in Russia?

 
Wikipedia: Ruble
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5000 Russian rubles issued in 2006
100,000 Belarusian rubles issued in 2005
1 Transnistrian ruble issued in 2000

The ruble or rouble (in Russian: рубль, rubl’) is a unit of currency. It is currently the currency unit of Belarus, Russia, and Transnistria, and was the currency unit of several other countries, notably countries influenced by Russia and the Soviet Union. One ruble is divided into 100 kopecks (Russian: копейка, kopeyka), a name also used for the one-hundredth part of a Ukrainian hryvnia.

Contents

Coinage/paper bill values

A five-ruble coin minted in 1997
Banknotes

5 rubles (since discontinued, but still legal tender), 10 rubles, 50 rubles, 100 rubles, 500 rubles, 1000 rubles and 5000 rubles.

Coins

1 kopek, 5 kopeks, 10 kopeks, 50 kopecks, 1 ruble, 2 rubles, 5 rubles and 10 rubles (usually, minted with some special insignia for some events, like the city jubilees).

Etymology

Origin

According to one version, the word "ruble" is derived from the Russian verb рубить, rubit, i.e., to chop. Historically, "ruble" was a piece of a certain weight chopped off a silver ingot (grivna), hence the name. Another version of the word's origin is it comes from the Russian noun рубец, rubets, i.e., the seam that is left around the coin after casting: silver was added to the cast in two steps. Therefore, the word ruble means "a cast with a seam".[1]

The ruble was the Russian equivalent of the mark, a measurement of weight for silver and gold used in medieval western Europe. The weight of one ruble was equal to the weight of one grivna.

In Russian, a folk name for "ruble", tselkovy (целковый, wholesome), is known, which is a shortening of the целковый рубль ("tselkovyi ruble"), i.e., a wholesome, uncut ruble.[citation needed]

The word kopek, kopeck, copeck, or kopeyka (in Russian: копейка, kopeyka) derives from the Russian kop'yo (копьё) — a spear. The first kopek coins, minted at Novgorod and Pskov from about 1535 onwards, show a horseman with a spear. From the 1540s onwards the horseman bears a crown, and doubtless the intention was to represent Ivan the Terrible, who was Grand Prince of all Russia until 1547, and Tsar thereafter. Subsequent printings of the coin, starting in the 1700s, bear instead Saint George striking down a serpent.

In 1704, Russia was the first country in the world to introduce a decimal monetary system, where one ruble was equal to 100 kopeks.

English spelling

Both the spellings "ruble" and "rouble" are used in English. The form "rouble" is preferred by the Oxford English Dictionary, but the earliest use recorded in English is the now completely obsolete "robble". The form "rouble" probably derives from the transliteration into French used among the Tsarist aristocracy. There is some tendency for North American authors to use "ruble" and other English speakers to use "rouble", and also some tendency for older sources to use "rouble" and more recent ones to use "ruble", but neither tendency is absolute. An accurate, but ungainly, English transliteration is rubl’.

Plurals in Russian

The Russian plurals that may be seen on the actual currency are modified according to Russian grammar. Numbers 1, 21, 31 etc are followed by nominative singular рубль, копейка. Numbers 2-4, 22-24, 32-34 etc will be followed by genitive singular рубля, копейки. Numbers 5-20, 25-30, 35-40 etc will be followed by genitive plural рублей, копеек.

Other languages

In several languages spoken in Russia and the former Soviet Union, the currency name has no etymological relation with ruble. Especially in Turkic languages or languages influenced by them, the ruble is often known (also officially) as som or sum, (meaning pure), or manat (from Russian moneta, meaning coin).

In Ukrainian (which is closely related to Russian) the currency was known as karbovanets)

Soviet banknotes had their value printed in the languages of 15 republics of the Soviet Union.

List of rubles

Current

Obsolete

(This list may not contain all historical rubles, especially rubles issued by sub-national entities)

References

  1. ^ Sergey Khalatov. History of Ruble and Kopek on "Collectors' Portal UUU.RU" (Russian)

 
Translations: Rouble
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Dansk (Danish)
n. - rubel (møntenhed)

Nederlands (Dutch)
roebel

Français (French)
n. - rouble

Deutsch (German)
n. - Rubel

Ελληνική (Greek)
n. - (οικον.) ρούβλι

Italiano (Italian)
rublo

Português (Portuguese)
n. - rublo (m) (moeda russa)

Русский (Russian)
рубль

Español (Spanish)
n. - rublo

Svenska (Swedish)
n. - rubel

中文(简体)(Chinese (Simplified))
卢布

中文(繁體)(Chinese (Traditional))
n. - 盧布

한국어 (Korean)
n. - 루블(소련의 화폐 단위)

日本語 (Japanese)
n. - ルーブル

العربيه (Arabic)
‏(الاسم) وحدة النقد في روسيا‏

עברית (Hebrew)
n. - ‮רובל (מטבע רוסי)‬


 
 

 

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Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved.  Read more
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