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Money Matter in Russia

  Topic » Tour and Travel Tips For World » Travel Tips For Russia
Post By : Rainrays At 0000-00-00 00:00:00

Official currency of Russia : Official currency of Russia is rubles which consists of 100 kopeks and code is RUB. Currency can be freely converted at banks, hotels and kiosks

Notes denominations are : 5, 10, 50, 100, 500 and 1000
Coins denominations are : 1, 5, 10 and 50 kopeks

Currency Conversion and Exchange Rates
-> Exchange rates is vary from minute to minute depending on world markets.
-> When exchanging cash or travellers cheques it’s best to check the rate and commission before making the exchange.
-> You may exchange currency at hotels, banks, and currency exchange kiosks.
-> Euros and USD can be exchanged almost anywhere in Russia
-> Exchange offices will almost always require your passport for currency exchange.

Utility of Debit and Credit cards and Travellers Cheques in Russia : In Russia Debit and credit cards, like MasterCard, Visa and American Express are widely accepted.

Travellers cheques in Russia

Travelers cheques is the best way to carry cash as if you loose them they can be replaced.  Additional exchange rates charges can be avoided and they are accepted in all major establishments like banks, shops and hotels.But Traveler's checks are hard to cash.

ATM's machines : ATM machines are widely available in major cities, but remember that they do not have letters on the key pad, so if your PIN includes letters, do remember them as digits.

Important Things Keep in Mind :
Most exchange office outside Russia will not change rubles.
-> Do not exchange currency in the streets if a native Russian offers to sell you rubles.
-> Remember to change your rubles to dollars before you leave Russia.
-> Always carry some currency with you because many shops do not accept credit cards.

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