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The ruble or rouble (ˈruːbəl; рубль) is the currency unit of Belarus and Russia. Historically, it was the name of the currency of the Russian Empire (the Imperial ruble) and, later, of the Soviet Union (the Soviet ruble). currencies named ruble in circulation include the Belarusian ruble (BYN, Rbl) in Belarus and the Russian ruble (RUB, ₽) in Russia. Additionally, the Transnistrian ruble is used in Transnistria, an unrecognized breakaway province of Moldova. These currencies are subdivided into one hundred kopeks. No kopek is currently formally subdivided, although denga (1⁄2 kopek) and polushka (1⁄2 denga, thus 1⁄4 kopek) were minted until the 19th century. Historically, the grivna, ruble and denga were used in Russia as measurements of weight. In 1704, as a result of monetary reforms by Peter the Great, the ruble became the first decimal currency. The silver ruble was used until 1897 and the gold ruble was used until 1917. The Soviet ruble officially replaced the imperial ruble in 1922 and continued to be used until 1993, when it was formally replaced with the Russian ruble in the Russian Federation and by other currencies in other post-Soviet states. In the past, several other countries influenced by Russia and the Soviet Union had currency units that were also named ruble, including the Armenian ruble, Latvian ruble and Tajikistani ruble. According to one version, the word "ruble" is derived from the Russian verb рубить (rubit), "to cut, to chop, to hack", as a ruble was considered a cutout piece of a silver grivna. Rubles were parts of the grivna or pieces of silver with notches indicating their weight. Each grivna was divided into four parts; the name "ruble" came from the word "cut" because the silver rod weighing 1 grivna was split into four parts, which were called rubles. Others say the ruble was never part of a grivna but a synonym for it. This is attested in a 13th-century birch bark manuscript from Novgorod, where both ruble and grivna referred to ) of silver.

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Related concepts (16)

Russian Empire

The Russian Empire, also known as Imperial Russia, was the final period of the Russian monarchy from its proclamation in November 1721, until its dissolution in late 1917. It consisted of most of northern Eurasia. The Empire succeeded the Tsardom of Russia following the Treaty of Nystad. The rise of the Russian Empire coincided with the decline of neighbouring rival powers: the Swedish Empire, the Polish–Lithuanian Commonwealth, Qajar Iran, the Ottoman Empire, and Qing China.

Saint Petersburg

Saint Petersburg, formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991; see below), is the second-largest city in Russia after Moscow. It is situated on the Neva River, at the head of the Gulf of Finland on the Baltic Sea. The city had a population of roughly 5.6 million residents as of 2021. Saint Petersburg is the fourth-most populous city in Europe, the most populous city on the Baltic Sea, and the world's northernmost city of more than 1 million residents.

Soviet ruble

The ruble or rouble (ˈruːbəl; рубль) was the currency of the Soviet Union. It was introduced in 1922 and replaced the Imperial Russian ruble. One ruble was divided into 100 kopecks (копейка, pl. копейки – kopeyka, kopeyki). Soviet banknotes and coins were produced by the Federal State Unitary Enterprise (or Goznak) in Moscow and Leningrad. In addition to regular cash rubles, other types of rubles were also issued, such as several forms of convertible ruble, transferable ruble, clearing ruble, Vneshtorgbank cheque, etc.