Russian Rubles

Dated 1997, these current Russian Ruble banknotes were issued from 1998 by the Moscow-based Bank of Russia. They replaced older banknotes at a ratio of 1000 to 1, dropping three zeroes. Each of the Russian Ruble banknotes in the 1997 Series features the landmarks of an important Russian city. These ruble banknotes are valid means of payment in Russia. It is not always easy to exchange them in Western Europe or North America. We exchange all Russian Ruble banknotes free of charge. We also exchange Russian coins and old, discontinued Russian banknotes.

When the Soviet Union was dissolved in 1991, the newly formed Russian Federation issued a first series of Russian Ruble banknotes, replacing the Soviet Ruble. Inflation soon started to kick in. Prices went up and higher denomination banknotes were introduced gradually. Inflation reached such high levels that in 1997 the Ruble was redenominated: 1000 old Ruble were replaced by 1 new Ruble, dropping three zeroes from the Ruble banknotes. These older type of Ruble banknotes no longer have a legal tender value. The Bank of Russia no longer exchanges these banknotes for a monetary value. At Leftover Currency we continue to exchange old Russian Ruble banknotes at an exchange rate that covers their collectable value. We also exchange current Russian Ruble banknotes and Russian coins.

Russian Ruble coins were issued in 8 denominations, from 1 kopek to 10 rubles. The kopek is the subunit of the ruble, with 100 kopeks in 1 ruble. The current set of Russian coins is issued since 1997 by the Moscow-based Bank of Russia. We exchange all Russian ruble and kopek coins. We also exchange Russian Ruble banknotes and out-of-circulation pre-1997 Ruble banknotes.