Russian ruble

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/russian-ruble

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. Who wrote Russian ruble?Central Bank of Russia
2. What is the official currency of?Russian Federation
3. What is the ISO code?RUB
4. Why did Russia change the ruble in 1998?After a period of economic instability and hyperinflation, Russia replaced the old ruble with a new one at a 1000:1 ratio. The change was made to simplify transactions and restore confidence in the currency.
5. How does the Central Bank of Russia help keep the ruble stable?The Central Bank of Russia manages monetary policy, sets interest rates, and intervenes in foreign exchange markets. These actions help keep the ruble’s value steady.

Central Bank Digital Currency (CBDC): A digital form of a country's fiat currency, issued and backed by the central bank.
Redenomination: The process of changing the nominal value of a currency by altering the number of units in circulation.
Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.
De facto legal tender: Currency that is widely accepted and used in practice, even if not officially designated as legal tender.