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. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 1920 to latest available data for 2023 using average monthly close price. This Russian Ruble to US Dollar currency converter is updated with real-time rates every 15 minutes as of Mar 04, 2023. [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. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Its existence became known in 1857 in foreign publications.[15]. Numbers ending in 1 (except for 11) are followed by nominative singular rubl, kopeyka. The ruble was the Russian equivalent of the mark, a measurement of weight for silver and gold used in medieval Western Europe. "It's an unusual situation," said Jeffrey Frankel, professor of capital formation and . [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]. These coins have a unique holographic security feature inside the "0" of the denomination 10. The examples of prices for 1973. You may also want to account for capital gains tax, which would take your real return down to around $1,375 for most people. Gross weight 433 grains, net weight 312.1 grains, hence fineness 72%. With the issue of the 500-ruble note depicting a statue of Peter I and then the 1,000-ruble note depicting a statue of Yaroslav, the lack of recognizable faces on the currency has been partially alleviated. The move is aimed to further improve relations between Beijing and Moscow and to protect their domestic economies during the Great Recession. [11] The Supreme Council of National Economy (Vesenkha), chief economic control agency of Soviet Russia in this period, cited a far lower figure of 4,420 nationalized enterprises in November 1920, while a third source indicated a total of 4,547 firms under state ownership. Alternately, the paper Rouble value of South American piastres (global trade Dollars) constitutes a Silver valuation (in Paper Roubles) and a simple proxy for USD$ forex 1800-1830. c.1789/90: The Dollar/Rouble parity (1:1) assume because the Pound Sterling exchange? 1920 Russian Ruble to US Dollar, 1920 RUB to USD Currency Converter This Russian Ruble to US Dollar currency converter is updated with real-time rates every 15 minutes as of Mar 02, 2023. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Coin catalog My collection Swap Users. The lack of confidence in the Russian economy stemmed from at least two major sources. These numbers are not inflation adjusted, so they are considered nominal. [32], The material of 1 , 2 and 5 coins was switched from copper-nickel-zinc and copper-nickel clad to nickel-plated steel in the second quarter of 2009. It was backed up by Putin's recent statement about how Russia is planning to trade gas and oil to unfriendly countries. The predominant colour of the note is blue. Modifications to the series were made in 2001, 2004, and 2010. dengi). Since 2000, many bimetallic 10 circulating commemorative coins have been issued. In Canada, CA$1.00 in 1920 would be equivalent to CA$13.33 in 2023, an absolute change of CA$12.33 and a cumulative change of 1,232.51%. The financial crisis in Russia in 20142016 was the result of the collapse of the Russian ruble beginning in the second half of 2014. 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. 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. . [citation needed], In October 2009, a new 10 coin made of brass-plated steel was issued, featuring optical security features. This included the symbol (the initials of "Russian ruble"), which received preliminary approval from the Central Bank. Russia holds about $640 billion worth of euros, dollars, yen and other foreign currencies in banks around the world. The 1,000 banknote was first issued on 1 January 2001 and the 5,000 banknote was first issued on 31 July 2006. Was an annual wage of 25 pounds per year in 1780 much compared to the wage rates at the time? At the time of the establishment of the US currency until about 1798, there was Dollar-Rouble parity. The current exchange rate is 0.0133. It has gained about 35 percent so far this year, beating every major currency, and has more than doubled from its post-invasion low. What was the worth of 1 billion German mark in 1923 or 1000 Polish zloty in 1980? It opened in Saint Petersburg and in Moscow in 1769. The new banknotes of 500, 100, 50, 25, 10, 5, 3, and 1 ruble in value were to be exchanged for gold in any quantity. 1 Russian Ruble (RUB) to United States Dollars (USD) today This rate was revised in 1897 to 1 ruble = 223 francs (17.424 dolya or 0.77424 g fine gold). Answer (1 of 10): In reality the buying power of the Russian ruble was higher than the official rate but it wasn't convertible with better rate on the black market favoring US dollar. Adding to the complexity of the situation, the State Planning Committee (Gosplan) continued to make use of a pre-war "goods ruble" of its own creation, using it as a payment calculation mechanism in many Soviet contracts.[20]. [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. Foreign Exchange Rates, 1913-1941: Just Looking At the Data 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. The Constantine ruble (Russian: , konstantinovsky rubl') is a rare silver coin of the Russian Empire bearing the profile of Constantine, the brother of emperors Alexander I and Nicholas I. 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. Answer (1 of 6): If we take as a yardstick of parity the average price of a loaf of bread, one ruble back in 1986 was equivalent to $5.30. As high inflation persisted, the lowest denominations disappeared from circulation and the other denominations became rarely used. 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. No more would forced requisitioning be the order of the day, but rather the adoption of a regularized "tax-in-kind." How much was a ruble worth in 1986? - Quora [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. [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]. See: Nove, See: Maurice Dobb, "Chapter 2: The Economic Policy of the First Eight Months," in, Monetary reform in the Soviet Union, 192224, https://en.wikipedia.org/w/index.php?title=Hyperinflation_in_early_Soviet_Russia&oldid=1137905016, This page was last edited on 7 February 2023, at 00:53. Hyperinflation in early Soviet Russia - Wikipedia Report. Keep an eye on this page and be aware of any changes. In 1800, 62 US ships visited Russia: American trade was increasing. [20] The plummeting Soviet ruble would be henceforth equated to the gold ruble through on-the-fly estimation of the purchasing power of each. The most used currency was a small silver coin called denga (pl. The dollar had an average inflation rate of 2.66% per year between 1920 and today, producing a cumulative price increase of 1,395.85%. 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 new ruble then depreciated rapidly in its first year to US$1 = 20RUB before stabilizing at around US$1 = 30RUB from 2001 to 2013. The ruble sign can be entered on a Russian computer keyboard as .mw-parser-output .keyboard-key{border:1px solid #aaa;border-radius:0.2em;box-shadow:0.1em 0.1em 0.2em rgba(0,0,0,0.1);background-color:#f9f9f9;background-image:linear-gradient(to bottom,#eee,#f9f9f9,#eee);color:#000;padding:0.1em 0.3em;font-family:inherit;font-size:0.85em}AltGr+8 on Windows and Linux, or AltGr+ (Qwerty H position) on macOS. The symbol was placed over the amount number it belonged to. As the value of the Soviet ruble crashed, the process of price calculation and wage payment remained chaotic, as historian E. H. Carr later observed, with Soviet workers frequently bearing the brunt of the exchange problem: "The resulting situation was extremely complex. The ruble sign is a currency sign used to represent the monetary unit of account in Russia. The highlight watermark is visible in the upper part of the banknote. After three years of participation in World War I, the economy of the Russian empire was in crisis. The weight of a denga silver coin was unstable and inflating, but by 1535 one Novgorod denga weighed 0.68g (0.022ozt), the Moscow denga being a half that of the Novgorod denga. To fix current wage rates from month to month in terms of the goods ruble price-index was a matter of expert computation. in2013dollars.com is a reference website maintained by the Official Data Foundation. For the construction, 600 logs and 400 hewn larch logs were used. After the fall of the Soviet Union, the Russian Federation introduced new coins in 1992 in denominations of 1, 5, 10, 20, 50, and 100 rubles. [14] In 1886, a new gold coinage was introduced consisting of 5 and 10 ruble coins. The chart will help visually assess the oscillation between the RUB and the USD, and analyze the data for the last year. [16] With productive industry almost completely state-owned, the People's Bank (successor to the pre-revolutionary State Bank) had no credit function; rather, it acted as a clearinghouse for transmission of assets to industry, with funds primarily obtained through currency emission.[16]. 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. 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 " ". "Calculate the value of $100000 in 1914 Inflation on 100000 dollars", https://en.wikipedia.org/w/index.php?title=Ruble&oldid=1142751414, This page was last edited on 4 March 2023, at 04:40. 4.39 or US$5.09 as of August 2018. Coins are minted in the Moscow Mint and at the Saint Petersburg Mint, which has been operating since 1724. The use of other currencies for transactions between Russian residents is punishable, with a few exceptions, with a fine of 75% to 100% of the value of the transaction. In 1843, the Assignation Bank ceased operations, and state credit notes (Russian: , gosudarstvenniye kreditniye bilety) were introduced in denominations of 1, 3, 5, 10, 25, 50 and 100 rubles. [16] The decree shutting down the People's Bank made provision for continued use of the offices of Narkomfin for private finance on a limited and seemingly temporary basis: "The nationalization of industry has concentrated in the hands of the government all the most important branches of production and supplythereby excluding any necessity for the further utilization of the People's Bank as an institution of state credit in the accepted sense of the term. [deleted] 9 mo. https://www.nytimes.com/2022/06/21/business/russian-ruble-ukraine.html. Additionally, coins worth over a ruble were minted in gold and platinum. A combination of capital controls, rising exports and falling imports have strengthened the Russian currency since it plunged in the weeks after Russias invasion of Ukraine. This website uses cookies and collects information about the IP address and [citation needed] The Bank of Russia stopped minting one-kopeck and five-kopeck coins in 2012, and kopecks completely in 2018. The People's Bank was abolished altogether in January 1920, with the issuance of currency transferred to the People's Commissariat of Finance (Narkomfin). Thus one account ruble consisted of 100 Novgorod or 200 Moscow dengi (68g (2.2ozt) of silver). Mexican (Spanish) piastres, basis for US Dollar Coin and nearly always at par, also circulated in Russia as money. 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. In 1704, as a result of monetary reforms by Peter the Great, the ruble became the first decimal currency. 10 and 50 kopecks were also changed from brass to brass-plated steel. Since then, some restrictions have been loosened and rates have been cut back to 9.5 percent, where they were set before the invasion. [1] During this interval, known as War Communism, money lost its function as a store of value and a means of exchange. On this day a year ago, they gave $18.39 us dollars for 1,920.00 russian rubles, which is $7.07 less than it is today. In truth it was not worth that much because the only real value of a currency is what you can buy with it. Soviet banknotes had their value printed in the languages of all 15 republics of the Soviet Union. Wherever requisitioning was applied, the area of land dedicated to cultivation contracted. Khudyakov, a member of parliament for the LDPR party stated, "You can clearly see that Apollo is naked, you can see his genitalia. The reform acted as a driver for the inflow of foreign capital into Russia and gave the country a hard convertible national currency. The most favorable exchange rate for the current 7 days, was $25.63. The Russian ruble keeps rising, hitting a seven-year high. In the lower part of the Sevastopol side of the banknote in the green stripe there is a QR-code containing a link to the Bank of Russia's webpage, which lists historical information related to the banknote. [13], No official symbol was used during the final years of the Empire, nor was one introduced in the Soviet Union. Mexican (Spanish) piastres, basis for US Dollar Coin and nearly always at par, also circulated in Russia as money. "[49][50] Khudyakov's efforts did not lead to any changes being made to the design. With the founding of the Soviet Union in 1922, the Russian ruble was replaced by the Soviet ruble. Initially an uncoined unit of account, the ruble became a circulating coin in 1704 just before the establishment of the Russian Empire. The ruble has jumped 45% against the dollar since January, with one dollar worth 53.45 rubles as of Tuesday. The new coins are struck in cupronickel. These were in denominations of 1, 2, 3, 10, 15 and 20 kopeks. This is a return on investment of 2,420,438.69%, with an absolute return of $24,204.39 on top of the original $1. The bottom right corner of the obverse bears a QR-code, which contains a link to the page of the Bank of Russia website with the description of the note's security features. In 1915, two kinds of small change notes were issued. Still in use, but rarely seen in circulation. [58] The banknote is printed on polymer. This ruble was worth about US$0.5145 in 1914. [4], Throughout 1919 and into 1920 the wages of workers were paid largely in kind through the direct distribution of products. [10] This represented a 25-fold increase over the amount of paper money in circulation in 1917. It is nearly identical to those of the 5-Swiss franc coin (31.45mm, 13.2 g cupronickel), worth approx. Right now around 97 Rouble per 1 usd. The Soviet ruble was issued by the State Bank of the USSR. ", "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. A dollar today only buys 6.684% of what it could buy back then. [62][63][64][65][66][67] A decline in confidence in the Russian economy caused investors to sell off their Russian assets, which led to a decline in the value of the Russian ruble and sparked fears of a Russian financial crisis. For example, if you started with $1, you would need to end with $14.96 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). All Soviet coins issued between 1961 and 1991, as well as 1-, 2- and 3-kopeck coins issued before 1961, also qualified for exchange into new rubles. If this number holds, $1 today will be equivalent in buying power to $1.06 next year. Only enter the numbers, any other characters or seperation marks will be trashed, in the box to the left of Russian Ruble (RUB), then click the "Convert" button; Click on "Russian Ruble (RUB)" link to convert Russian Ruble to all other currencies; Click on "US Dollar (USD)" link to convert US Dollar to all other currencies; Click on the link "Swap currencies" to convert from US Dollar to Russian Ruble; Click on the "Group converter" link to convert a group of numbers all at one time. 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. [25][26], On 4 February 2014, the Unicode Technical Committee during its 138th meeting in San Jose accepted U+20BD RUBLE SIGN symbol for Unicode version 7.0;[27] the symbol was then included into Unicode 7.0 released on 16 June 2014. [70], Russia faced steep economic sanctions due to the invasion of Ukraine in early 2022. The pre . The ruble's journey through time, from the Middle Ages to the present 1,920 RUB is equal to 27.11 USD Rate: 0.0141 +0.000136 This means that 100 rubles in 1993 are equivalent to 38,182.56 rubles in 2021. Breaking down these categories helps explain the main drivers behind price changes. Each grivna was divided into four parts; the name "ruble" came from the word "cut" because the silver rod weighing 1 grivna was split into four parts, which were called rubles. The ruble (alternatively rouble;[1] /rubl/; Russian: , IPA:[rubl]) is the currency unit of Belarus and Russia. [53][54] However, Russian banks have been transferring their ATM networks to domestic software which does not require foreign specialists since at least 2018, with the biggest Russian bank, Sberbank, completing 80% of the transfer by June 2022. 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. But the ruble continues to strengthen, which helps ease inflation but also puts pressure on Russias budget, which relies on energy sales that are often denominated in dollars. The ruble cemented its unlikely status as the worlds best-performing currency, rising to new multiyear highs this week. The abbreviations Rbl (plural: Rbls) in Latin[14][15] and . One, issued by the Treasury, consisted of regular style (if small) notes for 1, 2, 3, 5 and 50 kopeks. Full effort was placed upon military production and factories across the country fell silent for lack of raw materials. This means the inflation-adjusted real return of our $1 investment is $1,617.17. In Unicode version 7.0 it was assigned the encoding U+20BD RUBLE SIGN. 1 RUB = 0.01 USD at the rate on 2023-03-04. [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). 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. News. What is, for example, 100 1850's roubles in present day USD? location in order to provide the most accurate information on your request. The back of the note features the Fisht Olympic Stadium in Sochi. From July 2014 to February 2015 the ruble fell dramatically against the U.S. dollar. 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. 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. Annual Rate, the Bureau of Labor Statistics CPI. 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. Nationalization of industry proceeded at a frenetic rate, with an industrial survey of August 1920 indicating that some 37,000 firms had been expropriated by the state including more than 5,000 which employed only one person. Crude oil, a major export of Russia, declined in price by nearly 50% between its yearly high in June 2014 and 16 December 2014. These currencies are subdivided into one hundred kopeks. According to one estimate, that of P. Popov of the Central Statistical Bureau of Soviet Russia, by 1920 the total production of Russian industry had fallen from a pre-war level of 6.059 billion gold rubles to the equivalent of just 836 million a decline of more than 85%.[10]. 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. [10] 1920 Year Banknote Russian Paper Money for sale | eBay [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 . In 1961, new State Treasury notes were introduced for 1, 3 and 5 rubles, along with new State Bank notes worth 10, 25, 50, and 100 rubles. [40], In March 2021, the Central Bank announced plans to gradually update the designs of the 10 , 50 , 100 , 1,000 and 5,000 banknotes and make them more secure; this is expected to be completed in 2025. All Russian ruble banknotes are currently printed at the state-owned factory Goznak in Moscow, which was founded on 6 June 1919 and operated ever since. Detroit, Michigan experienced the lowest rate of inflation during the 103 years between 1920 and 2023 (2.50%). 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%. In 1991, the State Bank took over production of 1, 3 and 5-ruble notes and also introduced 200, 500 and 1,000-ruble notes, although the 25-ruble note was no longer issued. Especially in Turkic languages or languages influenced by them, the ruble is often known (also officially) as som or sum (meaning pure), or manat (from Russian moneta, meaning coin). A very popular series with collectors, each coin is evaluated closely to identify its full potential. For this reason, there have been several instances of (now worthless) Soviet and Russian ruble coins being used on a large scale to defraud automated vending machines in Switzerland.[5]. 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. 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. Soviet ruble, 1924: 100 rubles = $45 = 26 pairs of galoshes. On the reverse there is the number 2018 that marks both the issue of the banknote and the World Cup, as well as the name of the host cities in the Russian language.