Russia is the largest country in the world that stretches over Eastern Europe and Northern Asia. Its as influential as it is big in size. Its current national currency is the Russian Ruble. The ruble has been circulating in Russia since the 14th century before the Russian Empire was established. Following the establishment of the Soviet Union, the Russian ruble was replaced with the Soviet ruble in 1917.
The Modern Ruble In Russia
The first modern ruble was introduced after the Soviet Union was dissolved in 1991. Russian ruble banknotes don’t feature a portrait of personalities, making them noteworthy. They highlight Russian cities and regions. The first banknotes were released in 1992, featuring Kremlin buildings and high-rises in Moscow. A new set of notes was issued in 1995 bearing all-new designs and with the double-headed eagle seal of the Bank of Russia added to the upper left design on the banknotes’ obverse.
In 1998, the nation redenominated its money and introduced the second ruble. Second ruble banknotes are like that of the 1995 issues of the first ruble, but with three zeros removed from the denominations. In 2017, the Central Bank of Russia issued 200 and 2,000 ruble banknotes to make cash payments more convenient. Just like other Russian notes, these entirely new denominations feature landmarks of cities and regions. What makes these notes different from the rest is that the public voted on their designs.
On June 14-July 15, 2018, the World Cup run by the Federation Internationale de Football Association was held in Russia. To commemorate the event, a 100-ruble banknote was issued. The banknote comes in vibrant colors and features beloved goalkeeper Lev Yashin diving for a soccer ball, and a boy holding a soccer ball under his arm.