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Money
Currency: Rouble (Rbl) = 100 kopeks. Notes are in denominations of Rbl1000, 500, 100, 50, 10 and 5. Coins are in denominations of Rbl5, 2 and 1. The Rouble was devalued by a factor of 1000 in January 1998. The old notes and coins remained legal tender until 2002, although their real value was 1000th of their face value.
Currency exchange: Foreign currency should only be exchanged at official bureaux and authorised banks, and all transactions must be recorded on the currency declaration form which is issued on arrival. It is wise to retain all exchange receipts. Bureaux de change are numerous and easy to locate. Large shops and hotels offer their own exchange facilities. US Dollars in pristine condition are the easiest currency to exchange. It is illegal to settle accounts in hard currency and to change money unofficially.
Credit & debit cards: Major European and international credit and debit cards, including American Express, Visa and Diners Club, are accepted in the larger hotels and at foreign currency shops and restaurants, but cash (in Roubles) is preferred. Check with your credit or debit card company for details of merchant acceptability and other services that might be available.
Travellers cheques: Cash is preferred. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.
Currency restrictions: The import and export of local currency is limited to Rbl40,000. The import of foreign currency is unlimited, subject to declaration. The export of foreign currency is limited to the amount declared on arrival. Foreign banknotes and coins must be exported within two months of arrival.
Exchange rate indicators
The following figures are included as a guide to the movements of the Rouble against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 45.63 | 48.06 | 50.37 | 50.23 | | $1.00= | 31.31 | 31.60 | 31.85 | 31.55 |
Banking hours: Mon-Fri 0930-1730.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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