RUSSIA

(RUB) Currency News >>

CURRENCY:

Rouble - RUB

DENOMINATIONS:

NOTE: RUB 5,000, 1,000, 500, 100, 50 and 10.

COIN: RUB 10, 5, 2 and 1, and 50, 10, 5 and 1 kopeks.

US DOLLAR ACCEPTED?

In some cases though not recommended.

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are accepted in larger establishments, but cash in local currency is best. ATM machines are widely available. Note: American Express cards are not accepted outside of the cities St Petersburg and Moscow.

CURRENCY EXCHANGE:

Best at banks and bureaux de change, and make sure they are authorised. Always keep receipts.

TRAVELLER'S CHEQUES:

These are not recommended but if necessary these are best in US dollars and Euros.

BANKING HOURS:

Mon-Fri 0930-1730.

CURRENCY RESTRICTIONS:

Russia lifted restrictions on the Rouble in 2006.

COUNTRY OVERVIEW:

Russia is also known as the Russian Federation and is a 'transcontinental' country, which means it extends between continents - it covers most of North Eurasia. It is the largest country in the world. It was once a huge world power under the Russian Empire and was then the centre of the Soviet Union. The capital is Moscow and the official language is Russian.

POPULATION:

Around 143 million.

ECONOMY:

It has been said that the economic doom that hit all affected countries following the Soviet era was twice as bad as The Great Depression of the 1930s. The situation has certainly improved. Russia has the largest natural gas reserves in the world. It also has huge coal and oil reserves. Tax regulations were updated in 2001 which reduced the burden on citizens.