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Central Bank Launches New 1-Ruble Coin

Published: June 18, 2014 (Issue # 1816)



  • The coin is the first to bear the new ruble sign — the Latin letter "P" with a horizontal score through it.
    Photo: Russian Central Bank Press Office

Russia's Central Bank on Tuesday began circulating its newly designed one-ruble coin, according to an announcement on the regulator's website.

The coin, which is made of steel and coated in nickel, is the first to bear the new ruble sign — the Latin letter "P" with a horizontal score through it — which was chosen by the public in December after a competition run by the Central Bank.

The coin, unveiled Tuesday, features the traditional double-headed eagle on one side, with the ruble symbol — accompanied by the word "ruble" and a floral pattern — printed on the other.

In total, 100 million of the coins will be put into circulation, the Central Bank said in its online statement.

The decision to seek an internationally recognizable symbol for the ruble comes as Russia strives to extend its global economic reach, with Prime Minister Dmitry Medvedev among those backing calls for the ruble to become one of the world's reserve currencies.





 


ALL ABOUT TOWN

Saturday, Nov. 1


The men and women who dedicate their lives to fitness get their chance to compete for the title of best body in Russia at today’s Grand Prix Fitness House PRO, the nation’s premier bodybuilding competition. Not only will men and women be competing for thousands of dollars in prizes and a trip to represent their nation at Mr. Olympia but sporting goods and nutritional supplements will also be available for sale. Learn more about the culture of the Indian subcontinent during Diwali, the annual festival of lights that will be celebrated in St. Petersburg this weekend at the Culture Palace on Tambovskaya Ul. For 100 rubles ($2.40), festival-goers listen to Indian music, try on traditional Indian outfits and sample dishes highlighting the culinary diversity of the billion-plus people in the South Asian superpower.



Sunday, Nov. 2


Check out the latest video and interactive games at the Gaming Festival at the Mayakovsky Library ending today. Meet with the developers of the popular and learn more about their work, or learn how to play one of their creations with the opportunity to ask the creators themselves about the exact rules.



Monday, Nov. 3


Non-athletes can get feed their need for competition without breaking a sweat at the Rock-Paper-Scissors tournament this evening at the Cube Bar at Lomonosova 1. Referees will judge the validity of each matchup award points to winners while the city’s elite fight for the chance to be called the best of the best. Those hoping to play must arrange a team beforehand and pay 200 rubles ($4.80) to enter.



Tuesday, Nov. 4


Attend the premiere of Canadian director Xavier Dolan’s latest film “Mommy” at the Avrora theater this evening. The fifth picture from the 25-year-old, it is the story of an unruly teenager but the most alluring (or unappealing) aspect is the way the film was shot: in a 1:1 format that is more reminiscent of Instagram videos than cinematic art. Tickets cost 400 rubles ($9.60) and snacks and drinks will be available.



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