Russian Ruble

What is the Russian Ruble?

The currency of Russia and the two partially recognised republics of Abkhazia and South Ossetia. The Ruble is the world’s first decimal currency when in 1704 the Ruble became equal to 100 kopeks.

Uses of the Russian Ruble

Used to buy goods and or services in Russia and other territories where it is legal tender. It’s futures contract symbol is 6R.

Risks of the Russian Ruble

The Ruble is very sensitive to changes in the price of crude oil as it is one of Russia's primary exports. It is considered to be somewhat of a volatile currency and as such it can be seen as risky to trade.




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