DEFINITION of 'RUB (Russian Ruble)'
The currency abbreviation the Russian ruble (RUB), the currency for Russia. The Russian ruble is made up of 100 kopeks and does not have an official symbol. Although no symbol exists officially, py6 (three Cyrillic characters which are the equivalent of RUB in Russian) is currently used.
BREAKING DOWN 'RUB (Russian Ruble)'
The Russian ruble has been redenominated six times since 1922. Today's ruble, the seventh ruble, has been around since its redenomination in 1998, when it replaced the sixth ruble at a rate of 1,000:1.