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Everyone needs a little money to take shopping. Here is how the money system works in Russia. Russian money consists of kopecks and rubles. There are 100 kopecks in one ruble. It’s similar to the U.S. where 100 pennies equal one dollar.
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Russian paper bills:
5 rubles
10 rubles
50 rubles
100 rubles
500 rubles
1000 rubles
5000 rubles
10,000 rubles
50,000 rubles
100,000 rubles
500,000 rubles
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Russian Coins:
1 kopeck
5 kopecks
10 kopecks
50 kopecks
1 ruble
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When Russians save for the future they sometimes convert their paycheck to American dollars. They do this because the value of the Russian ruble fluctuates due to the countries current unstable economy. Today, the U.S. has a stable economy and many Russians feel the value of their money is safer in dollars. As of May 2001, the American dollar was worth twenty-eight Russian rubles. |
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