Russian ruble

Russian rubleRussian Ruble

The Russian Ruble (RUB) has been the name of Russias currency since ancient times. The ruble is divided into 100 kopecks.

Read our currency guide about the Russian Ruble (RUB) below:

Common names for Russian Ruble

Py6 and oil cash are two common slang term for the ruble, Russias currency. The short currency symbol used by forex traders and money exchange offices are RUB.

Countries with Russian Ruble

Russia, Abkhazia and South Ossetia are the three countries using Ruble.

How much is the Ruble traded?

RUB is the 10th most traded currency in the world, after the U. S. Dollar. Euro. Yen. Pound. Swiss Franc, Australian Dollar, Swedish Kronor, Singapore Dollars and Hong Kong Dollar.

History of the Russian Ruble

For over 500 years, Ruble has been the currency used in Russia. 1704, under Peter I, one Ruble was equivalent to 28 gram silver. By 2010, there have been 7 different types of rubles with different values.

Currency symbol and ISO-code

The official ISO code used by both online forex traders and foreign exchange offices are RUB.

Currency crisis with the Ruble

At the outbreak of the First World War as Russia jumped out of the foot and the gold ruble fell sharply in value. This led to hyperinflation in the early 1920s.

Bank of Russia

Bank of Russia pursues an inflation rate of 9-10% in 2010. The following objectives are set:

Price stability . Russia grappling with high inflation and doing everything they can to get it down.

Labor . Maintenance of full employment in Russia.

Economic prosperity . Economic prosperity and welfare of the people of Russia.

Monetary regulation . Seeking the maintenance of a stable banking and payment systems.

Online Forex Trading with Ruble

Although the Russian ruble is part of the 10 most actively traded currency pairs, so it is not so common among individuals without Russian origin to trade rubles. The economy and the government is relatively stable and the country is heavily influenced by commodity prices. Russia is usually relatively frequently intervene in currency markets, which tend to scare off some investors.

Ruble vs other currencies

Russian Ruble has proven to be a relatively volantile currency, which fluctuate depending on energy prices, political risk and economic growth.

Russian rouble

Russian roubleRussian Rouble

The Russian Ruble (or Rouble) is the official currency of the Russian Federation, as well as South Ossetia and Abkhazia. The ruble is subdivided into 100 kopeks (or kopecks, copecks). There is currently no official symbol for the Ruble, though the abbreviation руб. is widely in use, and the country is considering several other possibilities.

The Russian Federation is one of the worlds largest market economies. By nominal GDP, Russia is ranked as the 10th largest economy in the world (6th largest by Purchasing Power Parity).

Political stability and increased domestic consumption have driven significant growth since the early 2000s. The average salary increased from $80/month in 2000 to

$640/month in 2008. Roughly 14% of Russians lived in poverty in 2010 vs. nearly 40% in 1999.

Oil, natural gasoline, timber, and precious metals represent

80% of exported goods. Agricultural products is also a major export mdash Russia is the third largest grain exporter globally, behind only the United States and European Union.

The Ruble has been the official currency of Russia for nearly 500 years. The kopek was first introduced in 1710, with a value of 1/100th of a Ruble.

In December, 1885, the Russian Ruble was revalued to a gold standard, pegged to the French Franc at 1 Ruble = 4 Francs. This value was revised in 1897 to 1 Ruble = 2 2/3 Francs.

During World War I, the gold standard was dropped leading to devaluation of the Ruble and hyperinflation.

The second Ruble was introduced on January 1, 1922, followed by the third Ruble in January 1923.

The fourth Ruble (or Gold Ruble) was issued in March, 1924.

Following World War II, the fifth Ruble was introduced in 1947, in order to revalue the currency and reduce the amount of paper tender in circulation.

The introduction of the sixth Ruble occurred in 1967, under a similar process to the fifth Ruble issue.

The sixth Ruble remained the official currency of Russia during the transition from the Soviet Union to the modern Russian Federation, though new notes were issued in 1993 to reflect the change.

The seventh Ruble was issued on January 1, 1998, essentially devaluing the Russian Ruble at a rate of 1 new Ruble = 1,000 old Rubles.

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Fita is acorporate partner of the uscommercial service

Fita is acorporate partner of the uscommercial serviceFITA is a Corporate Partner of the U. S. Commercial Service

The International Buyers Program recruits thousands of qualified foreign buyers, sales representatives, and business partners to U. S. trade shows each year, giving your exhibitors excellent opportunities to expand business globally. Click here to see a list of all upcoming IBP trade shows.

Department of Commerce Trade Missions offer a proven cost-effective tool for helping U. S. companies learn first-hand about global markets. Click here to see a list of upcoming trade missions.

The National Export Initiative (NEI ) is a multi-year effort to increase U. S. jobs by increasing the number of companies exporting and expanding the number of markets current U. S. companies sell to.

Take note of the following U. S. Commercial Service events:

Russia's WTO Accession, What it Could Mean for Your Business . 02/02/2012 - 02/06/2012 . On June 14th the U. S. Commercial Service will offer a webinar on Russia's Upcoming WTO Accession and Permanent Normal Trade Relations highlighting the implications and opportunities for U. S. Business. This webinar will feature experts on Russia's market and trade policy from the U. S. Embassy in Moscow as well as from the U. S. Commerce Department's Market Access & Compliance unit in Washington, D. C. Topics will include, current market conditions in Russia, Russia's WTO accession, what specific benefits it would bring for US companies, and the status of efforts to establish Permanent, Normal Trade Relations so that U. S. companies can compete on a level playing field in Russia once it becomes a WTO Member. This webinar will take place on June 14 from 11:00 a. m. to 12:00 p. m. EST. The cost to participate in this webinar is $15, payable by credit card. To register please click visit or email Paul Matino .

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A Basic Guide to Exporting: Financing Your Exports and Getting Paid . 06/13/2012 - 06/13/2012 . Learn the basics of trade finance and what you need to know about getting paid for exports. Getting paid for your export sale is easier than ever. Learn from trade finance experts about the range of payment methods used in export transactions and how to evaluate which is best for your business. Learn about letters of credit and U. S. government programs for financing exports including a program that enables buyers to purchase your product or service. View a past program. or join to live to raise your questions. Contact Hector Maldonado .

FITA has been appointed to be a Corporate Partner of the U. S. Commercial Service. FITA works with the Commercial Service to keep U. S. exporters and overseas importers informed about the many important services the Service offers. More.

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Over the past few years gold has metamorphosed from a glittering piece of jewellery to a valuable investment option. Even if you are a stickler for tradition, you can buy Gold the smart way by opting for God ETFs

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Alpari russia announces resumption of usd

Alpari russia announces resumption of usdAdvertising

After suspending trading in light of significant volatility of the Russian ruble on Tuesday, Alpari Russia has reopened trading on the USD/RUB pair. For the time being the company hasnt mentioned anything about the other major Russian ruble cross, the EUR/RUB.

At the time of publication, LMAX Exchange still hadnt restored Russian ruble trading, signaling to traders that liquidity on this market remains excessively thin .

While liquidity remains tight, the moves on the Russian currency market during the past couple of days are nowhere near the carnage observed in what will remain in the history of the Russian financial market as Black Tuesday.

Chatter about a repeat of the 1998 Russian default has been circulating between financial markets aficionados, with the recent round of volatility in the Russian ruble leading many Western dealers to suspend dealing in the currency as clearing and settlement solutions have vanished.

Russian Ruble Daily Chart, Source: NetDania

Alpari was one of the first companies to react to the excessive volatility on the Russian FX market on Tuesday by halting its USD/RUB and EUR/RUB offerings. The firm has also increased its margin requirements on open positions to 1:10.

For the time being, relative exchange rate stability has settled in the Russian forex market. With Christmas and New Year holidays approaching in both the Western and Russian orthodox world, ruble trading is unlikely to remain quiet for too long.

Latest gold and forex rates in uae

Latest gold and forex rates in uaeLatest gold and forex rates in UAE

DD/TT RATES AT 9.45 AM - 14 Nov 2015

Get retail Gold and Forex rates with Emirates 24|7

Ra tes will be updated twice daily

Emirates 24|7 brings you the daily Dubai gold rate (22k, 24k, 21k and 18k), as well as currency exchange rates, including the Indian rupee, Pakistani rupee, Philippine peso, Sri Lankan rupee, sterling pound, euro and may more against the UAE dirham (US dollar).

The rates for 24 carat, 22 carat, 21 carat, 18 carat and Ten Tola (TT) Bar ( 11.6638038 gram) will be updated four times a day to keep them fresh and relevant for buyers of gold bars and gold jewellery in the UAE.

The update times for Retail Gold Rate in Dubai will be at 9.30am, 2.30pm, 5pm and 8pm (unless there is drastic fall or rise in the international rate).

On Saturdays, the gold rates will be updated at 9.30am and this rate will stay static through Saturday and Sunday until the international market reopens on Monday.

Please note that the retailers add making charges separately to the quoted rate of gold.

The Retail Gold Rate in Dubai is being supplied by the Dubai Gold and Jewellery Group.

Foreign Exchange Rates

The Foreign Exchange Rates of major currencies will be updated twice each working day at around 8:30am and 3:30pm.

These will cover both the Remittance Rates [for sending money] and the Currency Notes Rates [for buying and selling of currency notes].

The Foreign Exchange Rates are being supplied by UAE Exchange.

Latest gold and forex rates in UAE

DD/TT RATES AT 9.45 AM - 14 Nov 2015

Get retail Gold and Forex rates with Emirates 24|7

Ra tes will be updated twice daily

Emirates 24|7 brings you the daily Dubai gold rate (22k, 24k, 21k and 18k), as well as currency exchange rates, including the Indian rupee, Pakistani rupee, Philippine peso, Sri Lankan rupee, sterling pound, euro and may more against the UAE dirham (US dollar).

The rates for 24 carat, 22 carat, 21 carat, 18 carat and Ten Tola (TT) Bar ( 11.6638038 gram) will be updated four times a day to keep them fresh and relevant for buyers of gold bars and gold jewellery in the UAE.

The update times for Retail Gold Rate in Dubai will be at 9.30am, 2.30pm, 5pm and 8pm (unless there is drastic fall or rise in the international rate).

On Saturdays, the gold rates will be updated at 9.30am and this rate will stay static through Saturday and Sunday until the international market reopens on Monday.

Please note that the retailers add making charges separately to the quoted rate of gold.

The Retail Gold Rate in Dubai is being supplied by the Dubai Gold and Jewellery Group.

Foreign Exchange Rates

The Foreign Exchange Rates of major currencies will be updated twice each working day at around 8:30am and 3:30pm.

These will cover both the Remittance Rates [for sending money] and the Currency Notes Rates [for buying and selling of currency notes].

The Foreign Exchange Rates are being supplied by UAE Exchange.

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10countries with the biggest forex reserves

10countries with the biggest forex reserves10 Countries With The Biggest Forex Reserves

Foreign currency reserves are vital to a nation's economic well-being. Without adequate reserves, an economy can grind to a halt. The country may be unable to pay for critical imports like crude oil, or service its external debt .

The International Monetary Fund (IMF) defines reserve assets as external assets that a country’s monetary authority can use to meet balance of payments financing needs, use to affect currency exchange rates in currency exchange markets, and other related purposes. Most nations hold the vast majority of their foreign currency reserves in U. S. dollars and a much smaller portion in euros.

A sizeable war chest of foreign currency reserves is especially handy during a currency crisis. since it can be used to defend against speculative attacks on the national currency. Russia, which holds substantial foreign currency reserves, is a good example. In 2014, the United States and the European Union imposed economic sanctions on Russia for its involvement in the Ukraine conflict. Coupled with a 50 percent plunge in the price of crude oil (Russia's largest export and a key driver of its economy), these sanctions severely impacted the Russian economy.

The ruble slid 40 percent against the dollar in 2014, but the outcome could have been far worse had Russia had not intervened in foreign exchange markets to prop up the ruble, expending more than $80 billion of its reserves in doing so.

Here are the ten countries with the largest foreign currency reserve assets as of December 2014. All reserve assets are given in billions of U. S. dollars. (Source: data. imf. China and Taiwan data sourced from websites of their respective central banks.)

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Gold trading broker

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Gold is the most popular investment amongst all precious metals the reason for this being the perception people have of gold as a safe harbor during economic, social or political crises. We actually know a guy who keeps quite a lot of gold buried in his backyard and never pays his share of the bill because “he doesn't have change”. Yeah, right. Also, we're just kidding about knowing such a guy.

But back to good, old, reliable gold. In its nature, gold (code XAU) resembles currencies a lot more than it does commodities, and is traded based on an intraday spot price derived from OTC gold-trading markets all over the world.

Just as any other markets, the gold one is often a subject to speculation. This is mainly achieved by using futures and derivatives.

The Dodd-Frank Act enacted by US Congress prohibits US residents from trading OTC gold and silver. The ban came into effect on Friday, July 15, 2011 and is still in action.

Below is a list of brokers offering spot gold trading.

Thread how do itrade gold and silver

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How do I trade Gold and Silver?

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In order to add Gold and Silver to your Dealing Rates window, follow these simple steps:

Step 1 Click on Symbols at the top of the Trading Station II platform to open the Symbol Subscription List.

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Where is the best and safe place to exchange money in delhi

Where is the best and safe place to exchange money in delhiWhere is the best and safe place to exchange money in Delhi?

Join Date: Feb 2008 Location: Moscow, Russia Posts: 19

Where are the best rates and safe location to exchange money in Delhi, please?

My advice:

First check the current exchange rate here.

Then go to an official money changer, or a bank. Money changers are faster. One good one in Paharganj Main Bazaar is called Chequepost.

do not change with anyone who does other business than changing money. You are likely to get ripped off. A few rupees less than the current rate should be okay though.

10-20 years ago banks did not give a more trustworthy exchange rate than other exchangers. I do not know how that is nowadays, since I never go to banks anymore because of the burocratic hassle there, and how to find them. In former times there used to be a black-market for exchange where you got much more than the official rate for cash. Does not seem to exist anymore. It was profitable only because the gold-price in India was higher than outside, so smuggling of gold (bought for hundred dollar bills) was en vogue. Good olden times those

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