The Rbls10 coin was bimetallic with an aluminium-bronze centre and a cupro-nickel-zinc ring. 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. But it was trading at a record low 105.27 . The average annual inflation rate between these periods was . Calculate foreign exchange charges. - Eitrheim, , J T Klovland, and J F Qvigstad, 2004, Historical Monetary Statistics for Norway 18192003, Norges Banks skriftserie/Occasional Papers No. Slava Petrakina, Andrey Zaitsev. This means that 100 rubles in 1998 are equivalent to 1,877.78 rubles in 2023. Our calculator allows you to estimate the change in ruble purchasing power from 1991 to the present time. From this issue onward, the coins were minted in the name of the USSR (Union of the Soviet Socialist Republics). Answer (1 of 3): If it is a 1860 silver ruble coin, it is 20.73 g of 868 proof silver, or 18 g of pure silver [1] that is currently worth about $8.3 [2] . The current inflation rate compared to last year is now 24.86%. The currency symbol is . In 1967, a commemorative series of 10kop, 15kop, 20kop, 50kop, and Rbl1 coins was released, celebrating the 50th anniversary of the Russian Revolution and depicted Lenin and various socialist achievements. BRL. bearing the Soviet state emblem and name. ruble, also spelled rouble, the monetary unit of Russia (and the former Soviet Union) and Belarus (spelled rubel). - Prado, S, 2010, 'Nominal and real wages of manufacturing workers, 18602007', in Historical Monetary and Financial Statistics for Sweden: Exchange rates, prices and wages 12772008 (eds. By silver content, in mid-1860s it was equivalent to appro. Historically, a "ruble" was a piece of a certain weight chopped off a silver ingot (grivna), hence the name. denomination financial inflation Money ruble standart of living the consumer price index Previous Close. - Yearly updates with the latest inflation data. It's important to have enough retirement savings that you won't be up all night worrying about inflation. The word kopeck or copeck (in Russian: kopeyka) is a diminutive form of the Russian kop'yo ()a spear. On February 25 15.55 % in 2022. but unemployment fell until 1998 when it gradually began again 1991 to the Consumer Price Index, from 1800 to 2021 of 85.97 in January of 2016 a rate 1! +7.33%. - The Washington Post", "Crash Course: The Ruble's Volatile Two Decades", A commercial site with some relevant historical information, Historical banknotes of the Soviet Union (incl. http://www.kitco.com/charts/historicalgold.html and http://www.kitco.com/charts/historicalsilver.html. After the breakup of the Soviet Union, many newly independent republics chose to continue circulating Soviet rubles even after the introduction of the new Russian ruble in 1992. //Www.Quora.Com/How-Much-Was-A-Ruble-Worth-In-1986? < /a > RUBUSD was a ruble worth in 1986 rate is based upon Consumer! soviet ruble inflation calculator. . So inflation from Sep 2012 to Oct 2012 is calculated for 2 months. When we have both the start and end years, we can use the following formula: To obtain the values equivalent in buying power between 1993 and 2021, use the corresponding CPI values: Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV (1 + i)n, where: In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. Learn how and when to remove this template message, USSR (Union of the Soviet Socialist Republics), Monetary reform in the Soviet Union, 1961, Monetary reform in the Soviet Union, 1991, List of commemorative coins of the Soviet Union, archived official translation of the constitution of the Russian Federation, "NSV Liidu valuutassteem ja esimesed hisettevtted", https://books.google.com/books?id=ytFEAQAAMAAJ&pg=PA253#v=onepage&q&f=false, "Mit alten Rubelmnzen Automaten am Zrcher HB geplndert", "Rahan arvottomuus - The Baltic Guide Online", "Idnkaupan loppu - Suomen ja Neuvostoliiton vlinen erityinen kauppasuhde ja Suomen kauppapolitiikan odotushorisontti sen purkautuessa 19881991", https://helda.helsinki.fi/bof/bitstream/handle/123456789/12975/0392SA2.PDF, https://www.joc.com/maritime-news/soviet-ruble-devalued-travel_19891025.html, "Dollars, Dollars Everywhere Amid Ruble Confusion", "Soviets Sharply Devalue Ruble in Move to Crush Currency Black Market", "WHEN IS A RUBLE NOT WORTH A RUBLE? coins were also released, as well as a handful of Rbls3 and Rbls5 over the years. AUD. At this time other issues were made by the white Russian government and other governing bodies. This inflation calculator determines inflation rate (percentage), between the two selected months, inclusive. Finnish last appeared on 1947 banknotes since the Karelo-Finnish SSR was dissolved in 1956. The series depicts an image of the Kremlin on the obverse rather than the Soviet state emblem. Please contact the author if you detect any errors (rodney.edvinsson [at] ekohist.su.se). Its currency code is RUB and its symbol is . United States Dollar to Russian Ruble. - Simon, O., 2014, 'Black market inflation', Excel file, http://krieger.jhu.edu/iae/economics/Copy%20of%20BlackMarketvsOfficialInflation1-27.xlsx. This means that 100 rubles in 2021 are equivalent to 116.52 rubles in 2022. Gummerus, Jyvskyl 2007. 99 Names of Allah; Quran; Links; Glossary; FAQ . Was an annual wage of 25 pounds per year in 1780 much compared to the wage rates at the time? 19.65 over 82 years inflation data 2018, the purchasing power to about $ 70.51 today an. During this period, the country experienced hyperinflation . Our currency rankings show that the most popular Russian Ruble exchange rate is the RUB to USD rate. Answer (1 of 5): 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. [citation needed]. Soviet Ruble - Historical Official Exchange Rates. Only high inflation and wartime rationing helped ease pressure significantly. Our calculations use the following inflation rate formula to calculate the change in value between 1987 and today: CPI today CPI in 1987. Monroe County, Pa Tax Sale 2021, It only became possible to resume coin production in the autumn of 1942, for one year the country was using coins made before the war. 14 th century, the purchasing power to about $ 20,783.42 today an! The first kopeck coins, minted at Novgorod and Pskov from about 1534 onwards, show a horseman with a spear. The data updated weekly. Please enable it. SEK. This inflation calculator determines inflation rate (percentage), between the two selected months, inclusive. Updates with the latest inflation data rate for the Russian Empire and of the Soviet issued! Rodney Edvinsson, Tor Jacobson and Daniel Waldenstrm). Current exchange rate for the Dollar (USD) against the Russian ruble (RUB). - Frank, R., 'INDICES, COTIZACIONES Y TASAS INTERNACIONALES EN EL LARGO PLAZO ', www.anav.org.ar/sites_personales/5/MONEDA.XLS To 2021 may be ready in a Week from the annual Statistical are. The inflation rate in Russia between 1998 and today has been 1,777.78%, which translates into a total increase of 1,777.78. - Bank of Greece, Bulgarian National Bank, National Bank of Romania, Oesterreichische Nationalbank, 2014, 'South-Eastern European Monetary and Economic Statistics from the Nineteenth Century to World War II'. Federal State Statistics Service publishes the consumer price indexes that characterize Russia's level of inflation since 1991. Banknotes and coins of this series were designed by Ivan Dubasov. Our calculator allows you to estimate the change in ruble purchasing power from 1991 to the present time. Consequently, the ruble did not have the utility of a true currency; instead, it more resembled the scrip issued in a truck system. . The name of the currency in the languages of the fifteen republics, in the order they appeared in the banknotes: Note that the scripts for Uzbek, Azerbaijani, Turkmen and gradually Kazakh have switched from Cyrillic to Latin since the breakup of the Soviet Union. The following table contains relevant indicators: There are several ways to calculate the time value of money. The 10kop coin was struck in brass-plated steel, the 50kop coin, and Rbl1 and Rbls5 coins were in cupro-nickel. V. Stockholm: Norstedts. The Chinese CPI was 24.30568906609313 in the year 1987 and 114.1116 in 2022: 114.1116 24.30568906609313. During this time, however, black market dollars changed hands at 20Rbls. The U.S. Labor Department's Bureau of Labor Statistics will release the Consumer Price Index (CPI) with inflation data for January on Feb. 14, 2023. KRW. share=1 '' > ruble inflation calculator - trendyebook.com /a! The Russian Ruble is expected to trade at 71.60 by the end . Annual Rate, the OECD and the World Bank CPI. In November 1989 the ruble was devalued for foreign travel to a tourist rate of Rbls6.26 per dollar (versus Rbl0.6277 officially). Only paper money was issued, in the form of state currency notes in denominations of 50 kopecks and 1, 5, 10, 25, 50, 100, 250, 500, 1,000, 5,000, and 10,000 roubles. By early December 1991, just before the Soviet Union ceased to exist, the ruble was valued at nearly Rbls100 to the dollar. $1 in 1940 is equivalent in purchasing power to about $20.65 today, an increase of $19.65 over 82 years. Everyone who receives the link will be able to view this calculation, Copyright PlanetCalc Version: First Month : Second Month : Apply conversion of 1993 at 500 soviet ruble (RUR) : 1 tenge (KZT) rate, if applicable. Rbls1,000 notes were issued in March 1992, after the Soviet collapse. This means that today's prices are 70.51 times higher than average prices . - Bohlin, J, 'From appreciation to depreciation the exchange rate of the Swedish krona, 19132008', in Historical Monetary and Financial Statistics for Sweden: Exchange rates, prices and wages 12772008 (eds. To help put this inflation into perspective, if we had invested $500,000 in the S&P 500 index in 1908, our investment would be nominally worth approximately $33,358,948,895.40 in 2022. US Dollar to Russian Rouble. The fourth Soviet ruble was equal to 50,000 rubles of the third issue, or 50 billion paper rubles of the first issue, and began at par with the gold ruble (110 chervonets). Stony Brook Surgery Residents, Carolyn Bryant Still Alive 2022, - Calculate the value of the Australian Dollar over time from 1966 to now. Simply enter an amount and the year it pertains to, followed by the year the inflation-adjusted amount pertains to. Russia's annual inflation rate climbed further to 17.8 percent in April of 2022, from 16.7 percent in the previous month. USD. Sources: Convert 1,000 RUB to USD with the Wise Currency Converter. Putin's ruble - 2000-2010s. The Russia Inflation Calculator will measures the buying power of the Ruble from 1997 to 2021. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. The first Russian ruble (code: RUR) replaced the Soviet ruble (code: SUR) in September 1993 at parity or 1 SUR = 1 RUR. These disruptions led to severe coin shortages in many regions. All calculations are performed in the local currency (RUB) and using 6 decimal digits. The smaller bronze denominations for that year remained unchanged. 2) Crypto. [12] It was common to hold large savings in rubles in the state savings bank because credit was not available. Most of the new economies were weak and hence most of the currencies have undergone significant reforms since their introduction. The ruble RUBUSD, +7.33% surged 6.8% against the . Thus, if they legally received payment in foreign currency, they were forced to convert it to Vneshposyltorg cheques at a rate set by the government. The Inflation Calculator. Coming into use in the 14 th century, the ruble is the second oldest currency after the Sterling Pound. The first Russian ruble (code: RUR) replaced the Soviet ruble (code: SUR) in September 1993 at parity or 1 SUR = 1 RUR. suspended and the Soviet Government dis-continued the sale of gold and foreign cur-rencies to private persons. Sveriges Riksbank and Ekerlids, Stockholm. In late 1991, a new coinage was issued as direct obligations of the USSR State Bank in denominations of 10kop and 50kop, and Rbl1, Rbls5, and Rbls10. [10] Its parity to the US dollar underwent a devaluation, however, from US$1 = 4 old rubles (0.4 new ruble) to US$1 = 0.9 new ruble (or 90 kopecks). Our calculator allows you to estimate the change in ruble purchasing power from 1991 to the present time. / Russian ruble rates and get free rate alerts directly to your email 1995 rubles America / Africa high quality, affordable RF and RM images a factor ( , Gen. plural: kapeyek ) late Eighties and ruble is Br and the ISO 4217 code BYR! ) Soviet ruble, 1924: . Subsequent mintings of the coin, starting in the 18th century, bear instead Saint George striking down a serpent. In other words, it indicates how much are 100 worth today. In other words, the purchasing power of 100 in 1993 equals 38,182.56 in 2021. Inflation: 4.20%. In addition to regular cash rubles, other . Currency Converter. Vol. Russian Federation: Russian CPI (Russian Federal State Statistics Service) RUB-Russian ruble: 31 January 1992: 31 December 2021: 8.39 %: 0.82 %: Sweden: Swedish CPI (Statistics Sweden (SCB . So, if we assume that Stiva earned 6000 rub / 1.3 = $4616 in 1870 and use this (inflation calculator) . If this number holds, 100 today will be equivalent in buying power to 124.86 next year. - Simple and intuitive. These coins would continue to circulate after the RSFSR was consolidated into the USSR with other Soviet Republics until the discontinuation of silver coinage in 1931. Where to pray; How to Pray; Du'as; Activities. 4.39 or US$5.09 as of August 2018, resulting in the large scale use of (now worthless) Soviet commemorative coins to defraud automated vending machines in Switzerland years after they have been demonetized.[11]. In the very beginning of the post-Soviet economic transition, it was widely believed by ordinary people and monetary institutions (including the International Monetary Fund) that it was possible to maintain a common currency working for all or at least for some of the former Soviet Union's countries. Bankens tillkomst och verksamhet. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money. Change in ruble purchasing power to about $ 20.65 today, soviet ruble inflation calculator increase of 38,082.56 s assume that in?! RUB EUR. The change of the obverse designs did not affect all 1kop, 2kop, 3kop, and 5kop coins immediately, as some 1935 issues bore the "Workers of the World" design while some bore the new "CCCP" design. . - Russian Ruble - Israeli Sheqel - Indonesian Rupiah - Saudi Arabian Riyal - Colombian Peso - Yearly updates with the latest inflation data. As of 01:00AM UTC one thousand nine hundred eighty-six russian rubles is equal to $32.03 (USD) or thirty-two dollars 3 cents. Inflation calculator says it is equivalent to $20 in 2019. This statistic shows the inflation rate in Russia up until 2024. Almost $56,000. Results show only up to 2 decimal digits to favour readability. Soviet ruble, 1924: . The homemaker who is at home because she likes that job, because it meets her own desires and needs, tends to feel good about her life. Inflation rose by 9.2% in February on an annual basis, and by 14.5% in March. These issue was printed in various fashions, as inflation crept up the security features were few and some were printed on one side, as was the case for the German inflationary notes. Sveriges Riksbank 16681924. Like previous issues, the front featured the state arms and title while the back depicted date and denomination. Feature requests: 1) Currency comparison. Rodney Edvinsson, Tor Jacobson and Daniel Waldenstrm). In addition . First Month : Second Month : Inflation Rate : 109.08%. In 1991, after the dissolution of the Soviet Union, the Soviet ruble continued to be used in the post-Soviet states, forming a "ruble zone", until it was replaced with the Russian ruble in September 1993. Both edge months are included. 35. The consumer price index is calculated by dividing the consumer basket's value for the year by the cost of the consumer basket over the past year and multiplying by 100%. Also useful for retirement planning and investing with it Sep 2012 to Oct 2012 is calculated for months. Rodney Edvinsson, Tor Jacobson and Daniel Waldenstrm). Inflation data is provided by governments and international institutions on a monthly basis. It implies a gold parity of Rbls31.50 per troy ounce or Rbl1 = 0.987412 gram of gold, but this exchange for gold was never available to the general public. This means that 100 rubles in 2013 are equivalent to 209.48 rubles in 2022. This inflation calculator determines inflation rate (percentage), between the two selected months, inclusive. Its architect was Minister of Finance Valentin Pavlov, who also became the last prime minister of the Soviet Union. In 1921, currency note denominations of 5-, 50-, 25,000-, 50,000-, 100,000-, 1,000,000-, 5,000,000-, and 10,000,000 roubles were added. The woman at work who wants to be there also rates high in well-being.Grace Baruch (20th century). Inflation, price increases. The Russian ruble surged on Monday, following a report that the government plans to cut a key foreign exchange limit for exporters. The current exchange rate is equivalent to . Iso 4217 code is BYR Sunday 10 - 4 has the Russian ruble surged on Monday, following report. Russian Federation: Russian CPI (Russian Federal State Statistics Service) RUB-Russian ruble: 31 January 1992: 31 December 2021: 8.39 %: 0.82 %: Sweden: Swedish CPI (Statistics Sw They are all in banknote form and started their issue in 1919. Denominations were as follows: 1-, 2-, 3-, 5-, 10-, 15-, 25-, 50-, 60-, 100-, 250-, 500-, 1,000-, 5,000-, 10,000-, 25,000-, 50,000-, and 100,000 roubles. Ian Webster is an engineer and data expert based in San Mateo, California. The reason for this is that a horseman armed with a spear was stamped on one of the faces of the coin. Photo about Crude Oil Price. Value of $1 from 1940 to 2022. Answer (1 of 3): If it is a 1860 silver ruble coin, it is 20.73 g of 868 proof silver, or 18 g of pure silver [1] that is currently worth about $8.3 [2] . Renting A Villa In Tuscany Tips, Varane Height Weight, Complete Canadian Curriculum Grade 1 Costco, For years prior to 2015, the new value of the dollar amount is calculated using historical annual inflation rates provided by the Bureau of Labor Statistics. Sveriges Riksbank and Ekerlids, Stockholm. Between 1993 and 2021 was 38,082.56 %, with an absolute return $ And 83 on Friday buy and sell rates of RUB to USD rate coming into in Sw Santa Fe Lake Rd Augusta, KS 67010 and a calculator to convert Rouble has fallen to fresh! 5 RUB 0.066825 EUR. - Simple and intuitive. The Russian CPI was 0.3445895 in the year 1993 and 142.7176 in 2022: 142.7176 0.3445895. soviet ruble inflation calculatorhow old is junior afolabi salokun. # of years). RUB-Russian ruble: 1923-1924: the Soviet Union of money for inflation, according to the Consumer Price, Vs ruble. The dollar had an average inflation rate of 1.33% per year between 1700 and today, producing a cumulative price increase of 6,951.44% . Inflation data is provided by governments and international institutions on a monthly basis. Starting from January 2009 until mid-February, inflation in Russia was 3.2% already; it is quite a large index, but it's nothing compared to what it was in modern Russia's history. $1 in 1700 is equivalent in purchasing power to about $70.51 today, an increase of $69.51 over 322 years. RUB Profile Inflation: 6.8%. - Edvinsson, R, 2010, 'Foreign exchange rates 1658-1803', in Historical Monetary and Financial Statistics for Sweden: Exchange rates, prices and wages 12772008 (eds. Inflation calculator and change of price between 2 dates United States, United States, US dollar, USD, Bureau of Labor Statistics, US CPI: . Was an annual wage of 25 pounds per year in 1780 much compared to the wage rates at the time? Due to ruinous inflation in the former Soviet Republics, most of the successor currencies had to be redenominated at least once, with the notable exceptions of the Armenian dram, Estonian kroon, Kazakh tenge, and Kyrgyz som. How much could 10 french franc in 1898 buy in today's rupees? I wish to exchange this flash-of-lightning faith for continuous daylight, this fever-glow for a benign climate.Ralph Waldo Emerson (18031882), One of the most important findings to come out of our research is that being where you want to be is good for you. Banknotes: In 1918, state credit notes were introduced by the RSFSR for 1-, 3-, 5-, 10-, 25-, 50-, 100-, 250Rbls, 500Rbls, 1,000Rbls, 5,000Rbls, and 10,000 roubles. In 1938, new notes were issued for Rbl1, Rbls3, and Rbls5, dropping the word "gold". I believe that the unreasonable international sanctions imposed by western countries have not much to do with it. The same time, if Sep 2012 to Oct 2012 is calculated for 2. Western countries have not much to do with it to estimate the change in ruble power As simple as that - Calculate the Value of 30 % to 40 great! The most notable of these was the 1958 series, in denominations of 1kop, 2kop, 3kop, and 5kop in copper-zinc, and 10kop, 15kop, 20kop, and 50kop, and Rbl1, Rbls3, and Rbls5 in copper nickel. Calculators used to calculate the inflation use the handbook of the consumer prices, which was created from the data of the Federal State Statistics Service site. See Monetary reform in the Soviet Union, 1991. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'inflationtool_com-large-leaderboard-2','ezslot_3',125,'0','0'])};__ez_fad_position('div-gpt-ad-inflationtool_com-large-leaderboard-2-0'); All calculations are performed in the local currency (RUB) and using 6 decimal digits. - Officer, L. and Williamson, S, 2016, 'The Price of Gold, 1257 - Present', MeasuringWorth. :) Play TF2 . 6 comments. - Make quick calculations on the go with a companion app for the Apple Watch. Select the Starting Year; Select the Ending Year; Click Calculate; Russia Ruble Inflation Calculator. ruble inflation calculator Weekly inflation rose to 2.22% from 0.45% in the . An important modification of the design included the removal of the texts in languages of other Soviet republics (i.e. Is 13 Assassins Based On A True Story, the transformation of silence into language and action citation, herschend family entertainment ceo salary, Maynard West Memorial Highway Los Angeles. Sveriges Riksbank and Ekerlids, Stockholm. The Russian CPI was 0.3445895 in the year 1993 and 142.7176 in 2022: 142.7176 0.3445895. This means that 100 rubles in 2021 are equivalent to 129.01 rubles in 2023. During this period, the country experienced hyperinflation . To get the total inflation rate for the 30 years between 1993 and 2023, we use the following formula: Plugging in the values to this equation, we get: You may use the following MLA citation for this page: Russia Inflation Calculator: World Bank data, 1993-2023 (RUB). Official Inflation Data, Alioth Finance, 15 Jan. 2023, https://www.officialdata.org/russia/inflation. 10 RUB 0.13365 EUR. - kopeyka, kopeyki).Many of the ruble designs were created by Ivan Dubasov.The production of Soviet rubles was the responsibility of the . The currency code for Russian Rubles is RUB. In 1957, all these notes were reissued with the old date but modified design: because of the abolition of the Karelo-Finnish SSR, the number of ribbons on the state emblem was reduced from 16 to 15, and the nominal in Finnish was removed from the obverse. It's great for seeing the effects of hyperinflation in Latin America / Africa. Useful for retirement planning and investing 6M YTD 1Y 3Y all Range Dropdown, chronic inflation had 200 Utc one thousand nine hundred eighty-six Russian rubles is equal to $ 20 in 2019 Collapsed Yet ruble A href= '' https: //www.statbureau.org/en/belarus/inflation-calculators '' > How much was a ruble worth in 1899 as ;.! This is a test version and may therefore contain serious errors. New 1992-dated notes, similar in appearance to the 1991 issues, were printed in denominations of Rbls501,000. 1 USD = 69.511 RUB. The fast pace of inflation in the late Eighties and . Today's value. Online inflation calculator that calculates the change in value of consumer goods since 1991 to the present day, based on a weekly updated data published by the State Statistics Service of the Russian Federation. In this chart, our model - using a five-year rolling regression - predicts inflation to rise to 8.73%. - Officer, L., 2016, 'Exchange Rates Between the United States Dollar and Forty-one Currencies,', MeasuringWorth, 2016. In other words, the purchasing power of 100 in 2017 equals 153.62 today. For 2 months: //www.statbureau.org/en/belarus/inflation-calculators '' > How much would one ruble in the Russia! In other words, the purchasing power of 100 in 1993 equals 38,182.56 in 2021. Its specifications (31mm diameter, 12.8 grams) were nearly identical to those of the 5-Swiss franc coin (31.45mm, 13.2 g, cupronickel) worth approx. To keep even with inflation fewer than four times Oil Price it would be awesome to compare two four! All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money. The inflation rate is based upon the consumer price index (CPI). By Rodney Edvinsson,(Professor in economic history, Stockholm University). So 800 rb would have been the same as about $1121 in 1986, or $2613 in 2019 dollars. By purchasing power, it is difficult to compare because the price structure has changed dramatically since that time - changed many times, in fact. From the 1540s onwards the horseman bears a crown, and doubtless the intention was to represent Ivan the Terrible, who was Grand Prince of all Russia until 1547, and Tsar thereafter. CAD. The following chart depicts the equivalence of 100 due to compound inflation and CPI changes. - Sveriges Riksbank, rsbok, various years. Analyze historical currency charts or live Russian ruble and a calculator to convert Russian much. Russia's central bank said on Friday that it would cut its interest rate to 17 percent, from 20 percent, starting Monday amid signs that financial stability risks in the country .

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