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Last updated : Nov 2009
Russia Currency
Russia Currency and Bank information - TravelPuppy.com
Rouble (Rbl) = 100 kopeks.

Notes are in denominations of Rbl1000, 500, 100, 50 and 10 and coins are in denominations of Rbl5, 2 and 1.

The Rouble was devalued by a factor of 1000 in the year 1998. Old notes and coins remained legal tender until 2002, although their real value was 1000th of their face value.

Currency exchange

Foreign currency should only be exchanged at authorised banks and official bureaux, and all transactions must be recorded on the currency declaration form which is issued on arrival. It is wise to hold on to all exchange receipts. There are plenty of Bureaux de change which are easy to locate. Large hotels and shops offer their own exchange facilities. US Dollars in perfect condition are the easiest currency to exchange. It is not legal to settle accounts in hard currency and to change money unofficially.

Credit & debit cards

Major European and international debit and credit cards, including American Express, Diners Club and Visa are accepted in the larger hotels and at foreign currency shops and restaurants, but cash (in Roubles) is preferred. Check with the credit or debit card company for details of merchant acceptability and other services that might be available.

Travellers cheques

Cash is always preferred. To steer clear of additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.

Exchange rate indicators

The following figures should be perceived as guide to the movements of the Rouble against the US Dollar and UK Pounds Sterling:
 
Date Nov’07
UK£1.00=
51.32474
US$1.00=
24.48162
 
Currency restrictions

The export and import of local currency is prohibited. The import of foreign currency is not limited but sums greater than $3000 (or equivalent) must be declared. However, the export of foreign currency is limited to the amount declared on arrival.

Banking hours

Banks are open Monday to Friday-9.30 am to 5.30 pm.
Useful travel links
MasterCard ATM Locator Location of any ATM that accepts MasterCard
Oanda International Currency and foreign exchange services
VISA ATM Locator Location of any ATM that accepts VISA cards