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Russia: Joining the $ and €... Russia: Joining the $ and € ...
(35 minutes later)
Russia’s Central Bank has adopted an official symbol for the national currency, the ruble, that was approved in a public vote. The Cyrillic “P” with a horizontal stroke through the stem won 61 percent of votes on the Central Bank’s website. The letter is pronounced as “R.” The head of the Central Bank, Elvira Nabiullina, said Wednesday the new sign was intended to symbolize the ruble’s stability. The ruble had seen drastic plunges during the post-Soviet economic decline, but it has stabilized in recent years thanks to the flow of oil money. The Central Bank said it would issue a new one ruble coin this year carrying the new symbol.Russia’s Central Bank has adopted an official symbol for the national currency, the ruble, that was approved in a public vote. The Cyrillic “P” with a horizontal stroke through the stem won 61 percent of votes on the Central Bank’s website. The letter is pronounced as “R.” The head of the Central Bank, Elvira Nabiullina, said Wednesday the new sign was intended to symbolize the ruble’s stability. The ruble had seen drastic plunges during the post-Soviet economic decline, but it has stabilized in recent years thanks to the flow of oil money. The Central Bank said it would issue a new one ruble coin this year carrying the new symbol.