Russia: Rouble Value 1800-1815. In other words, the purchasing power of 100 in 1993 equals 38,182.56 in 2021. A currency symbol was used for the ruble between the 16th century and the 18th century. On 17 December 1885, a new standard was adopted which did not change the silver ruble but reduced the gold content to 1.161grams, pegging the gold ruble to the French franc at a rate of 1 ruble = 4 francs. Part and parcel of NEP would be a return to a functional currency and monetary payment of wages rather than compensation of workers through rations and free services, as was the case under War Communism. 100 of them would have had a value equivalent to 120 grams of gold. In 1998, preceding the financial crisis, the current ruble was redenominated with the new code "RUB" and was exchanged at the rate of 1RUB = 1,000RUR. Coins are minted in the Moscow Mint and at the Saint Petersburg Mint, which has been operating since 1724. The Soviet ruble was issued by the State Bank of the USSR. For the currency of Russia, see, Also used in the breakaway territories of. We utilize mid-market currency rates to convert RUB against USD currency pair. In American English there is a tendency for older sources to use rouble and more recent ones to use ruble. While use of the printing press to produce paper money was employed as virtually the sole means of state finance, manufacturing output simultaneously dropped precipitously, exacerbating the collapse of currency value. ", "Why Russians and the World Dislike the Ruble", "Ruble Whipsawed as Exporter Dollar Sales Can't Offset Rout", "Mocked as 'Rubble' by Biden, Russia's Ruble Roars Back", "Russians Bet Ruble Will Rise To Status of Dollar, Euro, Yen", ": : ", "The UTC just accepted the Russian ruble currency symbol", "Announcing The Unicode Standard, Version 7.0", "Update to support the new currency symbol for the Russian ruble in Windows", "News article about new 10-ruble coins being issued", " 10- ", "Commemorative and Investment Coins database, Bank of Russia", "Russia to issue 200- and 2,000-ruble banknotes", " 200 2000 ", "New 200 and 2000 ruble banknotes get their symbols", "Bank of Russia presents commemorative polymer banknote for the 2018 World Cup", "Bank of Russia to strengthen protection, upgrade design of banknotes", " 100 ", " 100", " 10 5 2023 ", "Guidelines for Cash Circulation Development in 20212025 approved", " 100- "", "No more naked Apollos on Russian banknotes, lawmaker says", "Russia's 100-Ruble Banknote With Naked Apollo Image Is Pornographic, Politician Argues", "Ukraine Refuses To Circulate New Russian Banknotes Depicting Crimea", "NBU Forbids Banks to Perform Transactions with Russian Banknotes and Coins Depicting Any Objects Located in the Occupied Territories of Ukraine", "Russian ATMs Reject New 100-Ruble Bill Kommersant", "New banknotes unable to work with Russian ATMs for years", " ", " ", " 10.12.2003 N 173- 18.07.2017 .", Chinese minister says China-Russia economic, trade co-op at new starting point, "Putin hopes Central Bank and government find balance in ruble exchange rate dynamics", "Here's Why the Russian Ruble Is Collapsing", "Online Prices Indicate Russian Inflation Spike After Ruble Decline", "Ex-Soviet republics hit by Russian economic crisis", "U.S. Won't Ease Sanctions to Stem Russia's Economic Crisis", "WRAPUP 2-Rouble crisis could shake Putin's grip on power", "Russia demands natural gas payments in rubles, leaves a loophole", "Russia's ruble is the strongest currency in the world this year", "Russia Mulls FX Interventions To Tame Ruble's Rise", "Triennial Central Bank Survey Foreign exchange turnover in April 2022", Historical Russian Ruble eXchange Rates: RUB, Images of historic and modern Russian bank notes, Historical and current banknotes of Russia, https://en.wikipedia.org/w/index.php?title=Russian_ruble&oldid=1141444783, The language(s) of this currency belong(s) to the, 10 , 50 , 100 , 200 , 500 , 1,000 , 2,000 , 1, 3, 5, 10, 50, 100, 200, 500, 1,000 rubles, 50, 200, 500, 1,000, 5,000, 10,000 rubles, 100, 200, 500, 1,000, 5,000, 10,000, 50,000 rubles, 1,000, 5,000, 10,000, 50,000, 100,000, 500,000 rubles. How much is 1,920.00 the one thousand nine hundred twenty russian rubles is worth $25.46 (USD) today or twenty-five us dollars 46 cents as of 21:00PM UTC. , kopeyki). These currencies are subdivided into one hundred kopeks. manuals published during the late 1910s and early 1920s and unearthed no mention of foreign exchange options. [10] A snowboarder and some of the Olympic venues of the Sochi coastal cluster. Was an annual wage of 25 pounds per year in 1780 much compared to the wage rates at the time? [citation needed] The Bank of Russia stopped minting one-kopeck and five-kopeck coins in 2012, and kopecks completely in 2018. It features a Cyrillic letter (transliterated as "Er" in the Latin alphabet) with an additional horizontal stroke. [3][4], In 1704 Peter the Great finally reformed the old Russian monetary system, minting a silver ruble coin of weight 28.1g (0.90ozt) and 72% fineness; hence 20.22 g fine silver. The predominant colour of the note is blue. For reference, the ruble stood at roughly 30 rubles per dollar when Putin first became Russian president in 2000 and at 60 rubles per dollar before the Covid crisis hit in early 2020. The Russian stock market in particular experienced large declines, with a 30% drop in the RTS Index from the beginning of December through 16 December 2014. The Soviet ruble was used until 1992 in Russia (replaced by Russian ruble), Ukraine (replaced by Ukrainian karbovanets), Estonia (replaced by Estonian kroon), Latvia (replaced by Latvian ruble), Lithuania (replaced by Lithuanian talonas), and until 1993 in Belarus (replaced by Belarusian ruble), Georgia (replaced by Georgian lari), Armenia (replaced by Armenian dram), Kazakhstan (replaced by Kazakhstani tenge), Kyrgyzstan (replaced by Kyrgyzstani som), Moldova (replaced by Moldovan cupon), Turkmenistan (replaced by Turkmenistani manat), Uzbekistan (replaced by Uzbekistani sum), and until 1994 in Azerbaijan (replaced by Azerbaijani manat) and until 1995 in Tajikistan (replaced by Tajikistani ruble). Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. This included the symbol (the initials of "Russian ruble"), which received preliminary approval from the Central Bank. 1,920 RUB is equal to 27.11 USD Rate: 0.0141 +0.000136 Right now around 97 Rouble per 1 usd. I'm reading 'The Brothers Karamazov' by Fyodor Dostoevsky, and there is often talk about a dowry of 3 thousand roubles, or a part where one character gives another character 100 roubles, but i have literally no idea what this money really is in today's worth. A very popular series with collectors, each coin is evaluated closely to identify its full potential. Sorry, you can not add new coins because you have exceeded the limit. [12] Peasants refused to sell their surplus products for money which could effectively buy nothing. [15], With the virtual collapse of money economy in favor of requisition, rationing, and barter, came a virtual abolition of banking in Soviet Russia. Initially an uncoined unit of account, the ruble became a circulating coin in 1704 just before the establishment of the Russian Empire. Hyperinflation in early Soviet Russia connotes a seven-year period of uncontrollable spiraling inflation in the early Soviet Union, running from the earliest days of the Bolshevik Revolution in November 1917 to the reestablishment of the gold standard with the introduction of the chervonets as part of the New Economic Policy. On 30 October 2013, a special banknote in honour of the 2014 Winter Olympics held in Sochi was issued. The top part of the note bears a transparent window that contains a holographic element. [72] However, the ruble continued to rally in June 2022, hitting its highest point (51 rubles to the dollar) for the past seven years at the end of the month. [20], In March 1922 Narkomfin abandoned the so-called goods ruble for a new unit of measurement, the gold ruble a new parallel official state currency redeemable in gold. Here's how some cities fared in 1920 to 2023 (figures shown are purchasing power equivalents of $1): San Francisco, California experienced the highest rate of inflation during the 103 years between 1920 and 2023 (2.95%). Since 2000, many bimetallic 10 circulating commemorative coins have been issued. (). The abbreviations Rbl (plural: Rbls) in Latin[14][15] and . More About How Much Is The Russian Ruble Worth How much was 800 Russian rubles worth in 1986? [c] This led to a 32 percent drop in the value of the ruble, which traded at an exchange rate of 120 rubles per dollar in March 2022. This page was last edited on 25 February 2023, at 02:59. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. The current exchange rate is 0.0133. These coins have a unique holographic security feature inside the "0" of the denomination 10. Is about 3 years and 6 months now I have been living with this virus and it has been a serious problem to me, I was so confused cause i have been taking several drugs to be cured but all of my effort was in vain,one morning Iwas browsing through the internet then Isaw several testimonies about Dr. Akhigbe curing people from Herpes virus and immediately i contacted Dr. Akhigbe on his email:drrealakhigbe@gmail.com, i told him about my troubles and he told me that i must be cured, he gave me some instructions and which i rightly followed. Although the value of (coin) Silver Roubles was intrinsic and likely traded at an agio, when the Paper Rouble quickly depreciated (c.1801) US merchants began calculating on London, in Pence ; however, many cambists did not correct or update this data. Each new banknote series has enhanced security features, but no major design changes. is in wide use. [55] Russian banks will start purchasing domestic ATMs with Elbrus processors in 2023, the mandatory share of Russian products in the purchase of ATMs was to be at least 18% for banks with state partnership, since 2022 it has grown to 20%.[56]. Select the period for plotting the chart. At the same time, Russian imports have fallen sharply, partly the result of many foreign companies pulling out of Russia, which also support the ruble. This is a change of 1.82% from the previous market day and 41.70% from one year ago. This effect explains how inflation erodes the value of a dollar over time. The early Soviet hyperinflationary period was marked by three successive redenominations of its currency, in which "new rubles" replaced old at the rates of 10,000-to-1 (January 1, 1922), 100-to-1 (January 1, 1923), and 50,000-to-1 (March 7, 1924), respectively. Notifications. To fix current wage rates from month to month in terms of the goods ruble price-index was a matter of expert computation. Its manufacture was being prepared at the Saint Petersburg Mint during the brief Interregnum of 1825, but it was never minted in numbers, and never circulated in public. Ian Webster is an engineer and data expert based in San Mateo, California. Alternately, the paper Rouble value of South American piastres (global trade Dollars) constitutes a Silver valuation (in Paper Roubles) and a simple proxy for USD$ forex 1800-1830. c.1789/90: The Dollar/Rouble parity (1:1) assume because the Pound Sterling exchange? On 11 December 2013, the official symbol for the ruble became , a Cyrillic letter Er with a single added horizontal stroke,[24][bettersourceneeded] though the abbreviation "." Top. In 1995 the material of 50-ruble coins was changed to brass-plated steel, but the coins were minted with the old date 1993. Cookie Notice [62][68], The crisis affected the Russian economy, both consumers and companies, and regional financial markets, as well as Putin's ambitions regarding the Eurasian Economic Union. [13], No official symbol was used during the final years of the Empire, nor was one introduced in the Soviet Union. [60][bettersourceneeded], In January 2014, President Putin said there should be a sound balance on the ruble exchange rate; that the Central Bank only regulated the national currency exchange rate when it went beyond the upper or lower limits of the floating exchange rate; and that the freer the Russian national currency is, the better it is, adding that this would make the economy react more effectively and timely to processes taking place in it.[61]. Still in use, but rarely seen in circulation. (Priced in Paper Roubles, the intrinsic value of other silver coinage is likewise informative.). The first Russian ruble (RUR) introduced in January 1992 depreciated significantly versus the US dollar from US$1 = 125RUR to around US$1 = 6,000RUR (or 6RUB) when it was redenominated in January 1998. [8] The ruble lost 70% of its value against the US dollar in the six months following this financial crisis, from US$1 = 6 to approximately 20 . Report. [42] The design of the new note includes symbols of Moscow on the obverse - Red Square, Zaryadye Park, Moscow State University on Sparrow Hills, and Ostankino Tower - and the Rzhev Memorial to the Soviet Soldier on the revese. It is nearly identical to those of the 5-Swiss franc coin (31.45mm, 13.2 g cupronickel), worth approx. In 1992, a final issue of notes was made bearing the name of the USSR before the Russian Federation introduced 5,000 and 10,000-ruble notes. The amount of silver in a ruble varied in the 18th century. [41], The first new design, for the 100 note, was unveiled on 30 June 2022. This website uses cookies and collects information about the IP address and The end of War Communism and the establishment of the New Economic Policy was based upon the legalization of petty trade and a replacement of the hated policy of forced requisitioning of grain production with fixed taxation rates. The ruble or rouble (Russian: rubl; symbol: ; abbreviation: or . in Cyrillic, Rub in Latin;[1] ISO code: RUB) is the currency of the Russian Federation. In the 17th century, the weight of a kopek coin reduced to 0.48g (0.015ozt), thus one ruble was equal to 48g (1.5ozt) of silver. Despite the note being intended for legal tender transactions, the Central Bank has simultaneously refused to allow the country's automated teller machines (ATMs) to recognize or accept it. Note that some locations showing 0% inflation may have not yet reported latest data. By the beginning of the 19th century, copper coins were issued for 14, 12, 1, 2 and 5 kopeks, with silver 5, 10, 25 and 50 kopeks and 1 ruble and gold 5 although production of the 10 ruble coin ceased in 1806. No kopek is currently formally subdivided, although denga ( kopek) and polushka ( denga, thus kopek) were minted until the 19th century. why don't you contact dr.Akhigbe today and be free from your diseases because he is very good and honest Doctor and he is also called the godfather of herbal root contact him via email;drrealakhigbe@gmail.comor whatsApp him on +2348142454860website https:drrealakhigbe.weebly.com, 1791-1825: Pound Sterling/Rouble Exchange @ SPb. [13] The ruble had collapsed as a store of value and a medium of exchange, but nothing had been created to replace it. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. No more would forced requisitioning be the order of the day, but rather the adoption of a regularized "tax-in-kind." The move is aimed to further improve relations between Beijing and Moscow and to protect their domestic economies during the Great Recession. Special thanks to QuickChart for their chart image API, which is used for chart downloads. The design of the note is vertically oriented. 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. [4], Throughout 1919 and into 1920 the wages of workers were paid largely in kind through the direct distribution of products. What is, for example, 100 1850's roubles in present day USD? With the value of the Soviet ruble plummeting precipitously from week to week, this chief financial and budgeting agency needed a mechanism for the calculation of wages of Soviet workers, which from the fall of 1921 were calculated in money rather than in-kind commodities. The inflationary crisis effectively ended in March 1924 with the introduction of the so-called "gold ruble" as the country's standard currency. 10. In 1840, the State Commercial Bank issued 3, 5, 10, 25, 50 and 100 ruble notes, followed by 50 ruble credit notes of the Custody Treasury and State Loan Bank. You may use the following MLA citation for this page: $1 in 1920 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1920?amount=1. There is virtually no literature on foreign exchange options as they existed before the 1970s.8 6Paul Einzig, The Theory of Forward Exchange(London, 1937), 62 and 101. [58] The banknote is printed on polymer. The predominant colour of the note is olive green. The new coins are struck in cupronickel. It was backed up by Putin's recent statement about how Russia is planning to trade gas and oil to unfriendly countries. Republication and duplication of text and coin images and all other Content of uCoin.net site is prohibited unless explicitly authorized by, 125th Anniversary - Birth of Janis Rainis, ' ' (One ruble one ruble). Numbers ending in 59, 0, or 1114 are followed by genitive plural rubley, kopeyek. c.1794: The 1789 Rouble-Dollar parity was, c. 1795: the Silver Rouble at nearly 400 grains troy (25.894 g) Fine Ag and worth ~USD$0.87 - 0.90(1790-97), c.1795: 1 ozt Fine Silver (English Coin) = 1.59 , c. 1794? This is close to $6.00 that as I've heard was an approximate rate a Russian corporation would need to pay if it needed, and was allowed by the government, to . The U.S. CPI was 20 in the year 1920 and 299.17 in 2023: $1 in 1920 has the same "purchasing power" or "buying power" as $14.96 in 2023. This means that 100 rubles in 1993 are equivalent to 38,182.56 rubles in 2021. (or later date) meaning "modification of year 2001" on the left watermark area. window.google_analytics_uacct = "UA-10608984-2"; From the 14th to the 17th centuries the ruble was neither a coin nor a currency but rather a unit of weight. [13], Faced with economic collapse and widespread peasant revolt, in the spring of 1921 the Soviet government changed course towards a return to market-based relations between the state and the peasantry with the adoption of the New Economic Policy (NEP). On 13 October 2017, the National Bank of Ukraine issued a decree forbidding the country's banks, other financial institutions and Ukraine's state postal service to circulate Russian banknotes which use images of Crimea, a territory that is regarded as Russian-occupied by Ukraine and whose annexation by Russia is not recognised by most UN member states. The first Russian ruble (code: RUR) replaced the Soviet ruble (code: SUR) in September 1993 at par. Anyone can read what you share. [12] This symbol, however, fell into disuse by the mid-19th century. Russia holds about $640 billion worth of euros, dollars, yen and other foreign currencies in banks around the world. [43], Proposed to return into circulation in 2023 due to higher production cost of the 5 coin. In April 2016, the Central Bank of Russia announced that it will introduce two new banknotes 200 and 2,000 in 2017. What is, for example, 100 1850's roubles in present day USD? A dollar today only buys 6.684% of what it could buy back then. The highlight watermark is visible in the upper part of the banknote. Russian banknote 50 rubles, Civil War period, Omsk, Kolchak, 1920 AU+++ $45.45 Free shipping or Best Offer SPONSORED 1920 Russia One Ruble Graded CVF-35 PMG East Siberia Choice Very Fine P#S1245 $173.25 6 Russia Civil War Banknotes 1920 - 1921 Russian 50 - 50000 Rubles Ruble $2.99 1 bid Free shipping 18h 51m The gold coinage was suspended in 1911, with the other denominations produced until the First World War. The cost of 1 Russian Ruble in United States Dollars today is $0.01 according to the "Open Exchange Rates", compared to yesterday, the exchange rate decreased by -0.02% (by -$0.000003). In July 2007, the Central Bank of Russia announced that it would decide on a symbol for the ruble and would test 13 symbols. In 1859 a paper credit ruble was worth about nine-tenths of a silver ruble[16] These circulated, in various types, until the revolution, with 500 ruble notes added in 1898 and 250 and 1000 ruble notes added in 1917. A 6.5 percentage point interest rate rise to 17 percent[69] failed to prevent the currency hitting record lows in a "perfect storm" of low oil prices, looming recession and Western sanctions over the Ukraine crisis. Inflation can also vary widely by country. The price of 1 log now varies depending on the size f. The back of the note features the Fisht Olympic Stadium in Sochi. The trading of the Chinese yuan against the ruble has started in the Chinese interbank market, while the yuan's trading against the ruble was set to start on the Russian foreign exchange market in December 2010. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1920. This Russian Ruble to US Dollar currency converter is updated with real-time rates every 15 minutes as of Mar 04, 2023. This article is about the currency used in various countries. The gold ruble, Russia's standard unit of currency, introduced in 1897 was equal to 0.774235 grams of gold. Last edited on 25 February 2023, at 02:59, had different names in the different languages of the USSR, Annexation of Crimea by the Russian Federation, Old Saint Petersburg Stock Exchange and Rostral Columns, Russian Squadron on the Roads of Sevastopol, international economic sanctions imposed on Russia, ": 700 21 ", "Mit alten Rubelmnzen Automaten am Zrcher HB geplndert", " 4 1997 N 822 " ". . . . One, issued by the Treasury, consisted of regular style (if small) notes for 1, 2, 3, 5 and 50 kopeks. Russia's currency the ruble is now worth less than 1 cent after its invading forces escalated their bombing of Ukrainian cities, and the US and its allies stepped up moves to hamstring the. Modifications to the series were made in 2001, 2004, and 2010. 3 comments. If you translate that to modern money using current gold prices, you get about $4 700 US dollars / 3 100 / 4 000. [3][4], In 16541655 tsar Alexis I tried to carry out a monetary reform and ordered the mintage of silver one ruble coins from imported joachimsthalers and new kopek coins from copper (old silver kopeks were left in circulation). The compounding effect of inflation would account for 93.31% of returns ($22,587.22) during this period. A boy with a ball under his arm looking up as, A stylized image of the globe in the form of a. Nevertheless, as these transactions are gradually losing their importance in the economic life of the country, the existence of separate banking institutions is no longer necessary. The silver ruble was used until 1897 and the gold ruble was used until 1917. The Bank of Russia issues other commemorative non-circulating coins ranging from 1 to 50,000 .[36]. According to economic historian Alec Nove the gross output of all Soviet industry in 1921 stood at just 31% of its 1913 (pre-war) level. The number of roubles to one US dollar quickly fell from about 78 to 138 - a . The Russian Ruble to Dollar exchange rate on the chart allows you to track changes over different periods and draw conclusions about possible forecasts of the exchange rate of one currency in relation to another. In response to the military campaign, several countries imposed strict economic sanctions on the Russian economy. Value of $1 from 1920 to 2023 $1 in 1920 is equivalent in purchasing power to about $14.96 today, an increase of $13.96 over 103 years. For more information, please see our Wherever requisitioning was applied, the area of land dedicated to cultivation contracted. There were two variants of the denga, minted in Novgorod and Moscow. In truth it was not worth that much because the only real value of a currency is what you can buy with it. A new set of coins was issued in 1992 and a new set of banknotes was issued in the name of Bank of Russia in 1993. and our [9][10][11], With the outbreak of World War I, the gold standard peg was dropped and the ruble fell in value, suffering from hyperinflation in the early 1920s. The average annual inflation rate between these periods was . (One ruble one ruble) Shape: Round: Alignment: Medal (0) Weight (gr) 12.8: Diameter (mm) 31: In 1992 the currency imagery underwent a redesign as a result of de-Leninization. Initially an uncoined unit of account, the ruble became a circulating coin in 1704 just before the establishment of the Russian Empire.It was also the first currency in Europe to be decimalised in 1704, when it was divided into 100 kopecks. The ruble has been used in the Russian territories since the 14th century,[2] and is the second-oldest currency still in circulation, behind sterling. [4] The 1 and 5-ruble coins were minted in brass-clad steel, the 10 and 20-ruble coins in cupro-nickel, and the 50 and 100-ruble coins were bimetallic (aluminium-bronze and cupro-nickel-zinc). Reddit and its partners use cookies and similar technologies to provide you with a better experience. The pre . Although around 1 million of such rubles was made, its lower weight (2832 grams) against the nominal ruble (48 g) led to counterfeiting, speculation and inflation, and after the Copper Riot of 1662 the new monetary system was abandoned in favour of the old one. The currency replaced the Soviet ruble at par and was assigned the ISO 4217 code RUR and number 810. [2], Others say the ruble was never part of a grivna but a synonym for it. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The examples of prices for 1973. The exchange rate of the Russian Ruble in relation to the United States Dollar on the chart, the table of the dynamics of the cost as a percentage for the day, week, month and year. Very rarely seen in circulation. Crude oil, a major export of Russia, declined in price by nearly 50% between its yearly high in June 2014 and 16 December 2014. [10] This represented a 25-fold increase over the amount of paper money in circulation in 1917. The front of the note features a snowboarder and some of the Olympic venues of the Sochi coastal cluster. [14] In 1886, a new gold coinage was introduced consisting of 5 and 10 ruble coins. [19] As a result, a new theoretical concept was created by Narkomfin called the "goods ruble" or "pre-war ruble" based upon the purchasing power of the Tsarist ruble in 1913, before the distortion of the Russian economy caused by the nation's descent into World War I. Silver 20 kopeks were introduced in 1820, followed by copper 10 kopeks minted between 1830 and 1839, and copper 3 kopeks introduced in 1840. [citation needed] This name persists in the Mordvin word for ruble, . As of 2022[update], currencies named ruble in circulation include the Belarusian ruble (BYN, Rbl) in Belarus and the Russian ruble (RUB, ) in Russia. For comparison, in the UK 1.00 in 1920 would be equivalent to 57.18 in 2023, an absolute change of 56.18 and a cumulative change of 5,618.39%. CPI is the weighted combination of many categories of spending that are tracked by the government. The ruble's exchange rate versus the U.S. dollar depreciated significantly from US$1 = 125RUR in July 1992 to approximately US$1 = 6,000RUR when the currency was redenominated in 1998.
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