The currency used in Russia is the Russian ruble, abbreviated as RUB. The ruble has a long history dating back to the 13th century and has undergone several transformations, particularly during the Soviet era and the subsequent transition to a market economy post-1991. The ruble is issued by the Central Bank of Russia and is crucial for domestic trade and commerce. Its value can fluctuate based on various economic factors, including oil prices, which significantly influence the Russian economy. Understanding the ruble's current exchange rate is important for travelers and businesses engaging with Russia.