IRYNA to RUB Converter and calculator


Conversion rates
Convert IRYNA to RUB
Convert RUB to IRYNA
IRYNA to RUB chart
IRYNA to RUB conversion data: Volatility and price changes of Iryna Murals Fund in RUB
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.001465 RUB | -- RUB | -- RUB | -- RUB |
Low | 0.001465 RUB | -- RUB | -- RUB | -- RUB |
Average | 0 RUB | 0 RUB | 0 RUB | 0 RUB |
Volatility | % | % | % | % |
Change | -0.74% | -- | -- | -- |
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Iryna Murals Fund information
IRYNA to RUB market statistics
Current IRYNA to RUB exchange rate
Iryna Murals Fund to Russian Ruble is falling this week.More info about Iryna Murals Fund on Bitget
Russian Ruble information
About the Russian Ruble (RUB)
What Is the Russian Ruble (RUB)?
The Russian Ruble (RUB), symbolized as ₽, is the national currency of Russia and holds the distinction of being the second oldest currency in the world, following the British Pound Sterling. Its roots trace back to the 14th century, with a significant milestone in 1704 when it became the first European currency to be decimalized, dividing the ruble into 100 kopeks. The Russian Ruble is the sole legal tender in Russia, and it is used for all transactions within the country.
The Russian Ruble is issued by the Central Bank of Russia, also known as the Bank of Russia. This institution is responsible for the production and distribution of ruble banknotes and coins, and it plays a crucial role in maintaining the stability and integrity of the Russian currency. The Central Bank of Russia also implements monetary policy, manages foreign exchange reserves, and works to ensure the overall stability of the financial system in Russia.
What Is the History of RUB?
In 1704, under Peter the Great's rule, the ruble was standardized to 28 grams of silver. This standard underwent a change in 1885, adjusting the gold content but retaining the silver ruble's value. The Soviet era saw further transformations, with the introduction of new notes and coins in 1991, followed by a significant reform in 1993 aimed at phasing out Soviet-era currencies.
Notes and Coins of RUB
The Russian Ruble is issued in both coin and banknote forms, each with distinctive features and denominations. Coins come in various denominations, including 1, 2, 5, 10 rubles, and smaller values like 1, 5, 10, and 50 kopeks. These coins are distinguished by their size, composition (often a blend of nickel and brass). On the other hand, Ruble banknotes are printed in denominations of 50, 100, 200, 500, 1000, 2000, and 5000 rubles. The banknotes are made of durable polymer or high-quality paper, featuring advanced security elements to prevent counterfeiting.
Modern Russian Ruble
In recent years, the Russian Ruble has seen further innovations. 2009 marked the introduction of a new 10-ruble coin with advanced security features. The Central Bank of Russia also released new 200 and 2,000 ruble notes in 2017, featuring icons and cities chosen through an online poll. Despite these changes, the ruble's value has been subject to fluctuations, often influenced by political and economic factors rather than its strong oil export background.
Ruble in International Trade
A significant move in international trade came in 2010 when Russia and China agreed to use their currencies instead of the USD for bilateral trade. This decision aimed to strengthen their economies and reduce dependency on the US dollar, especially during economic crises. However, the ruble's value is not strongly correlated with oil prices, a major Russian export, due to ongoing political uncertainties within Russia.
Why Is the Russian Ruble Not a Strong Currency?
The Russian Ruble has historically not been considered a strong currency due to several key reasons. Economic instability and the impact of international sanctions, particularly following geopolitical events like the annexation of Crimea in 2014, have significantly influenced its value. The Russian economy's heavy reliance on oil and gas exports makes the ruble vulnerable to global commodity price fluctuations, often leading to revenue instability. Additionally, periods of high inflation have eroded the currency's value. Political risks and governance issues in Russia further exacerbate this situation, as they can deter foreign investment and shake global confidence in the ruble. Moreover, the monetary policy decisions of the Central Bank of Russia, which sometimes prioritize controlling inflation over maintaining a strong currency, also play a crucial role.
Do Russia and Belarus Both Use Ruble?
Yes, both Russia and Belarus use currencies called the "Ruble," but they are distinct from each other. Russia uses the Russian Ruble (RUB), while Belarus has its own currency, the Belarusian Ruble (BYN). Despite sharing a name, these are separate currencies with different values and are managed independently by their respective countries' central banks.
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IRYNA to RUB Conversion tables
Amount | 22:56 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 IRYNA | ₽0.0007325 | ₽-- | -0.74% |
1 IRYNA | ₽0.001465 | ₽-- | -0.74% |
5 IRYNA | ₽0.007325 | ₽-- | -0.74% |
10 IRYNA | ₽0.01465 | ₽-- | -0.74% |
50 IRYNA | ₽0.07325 | ₽-- | -0.74% |
100 IRYNA | ₽0.1465 | ₽-- | -0.74% |
500 IRYNA | ₽0.7325 | ₽-- | -0.74% |
1000 IRYNA | ₽1.47 | ₽-- | -0.74% |
IRYNA to RUB FAQ
What factors influence the conversion rate of IRYNA to RUB?
Popular exchange rates — Crypto-to-Fiat converter
The price of Iryna Murals Fund in the US is $0.{4}1734 USD. Additionally, Iryna Murals Fund’s price is €0.{4}1482 EUR in the eurozone, £0.{4}1281 GBP in the UK, C$0.{4}2403 CAD in Canada, ₹0.001527 INR in India, ₨0.004905 PKR in Pakistan, R$0.{4}9367 BRL in Brazil, and more.
The most popular Iryna Murals Fund currency pair is the IRYNA to Russian Ruble(RUB). The price of 1 Iryna Murals Fund (IRYNA) in Russian Ruble (RUB) is ₽0.001465.
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