Russian Ruble (RUB)

The Russian Ruble (RUB) is the official currency of the Russian Federation, issued and managed by the Central Bank of Russia (CBR), and is historically recognized as the second-oldest currency still in circulation globally, after the British Pound Sterling. It is a fully convertible, floating fiat currency, though its market dynamics are heavily influenced by Russia's commodity exports, particularly oil and gas, and subject to significant geopolitical factors and capital controls.