The RUB (symbol: ₽, руб; code: RUB) is the official currency of the Russian Federation. The ruble is subdivided into 100 kopecks. The first Russian ruble (code: RUR) replaced the Soviet ruble (code: SUR) in September 1993 at parity or 1 SUR = 1 RUR. In 1998, preceding the financial crisis, the current ruble was redenominated with the new code “RUB” and was exchanged at the rate of 1 RUB = 1,000 RUR.
The ruble was the currency of the Russian Empire and of the Soviet Union (as the Soviet ruble). In 1992 the currency imagery underwent a redesign as a result of de-Leninization. However, today only Russia, Belarus and Transnistria use currencies with the same name. The Russian ruble is also used in the Russian-controlled parts of Ukraine under military occupation, in the quasi-states of the Donetsk People’s Republic and the Luhansk People’s Republic in Ukraine, as well as in Abkhazia and South Ossetia.