Assignation ruble

Assignation ruble (Russian: ассигнационный рубль; assignatsionny rubl) was the first paper currency of Russia. It was used from 1769 until 1849. Assignation ruble had a parallel circulation with the silver ruble; there was an ongoing market exchange rate for these two currencies. In later period, the value of the Assignation ruble was considerably below that of the silver ruble.

Assignation ruble

Assignation ruble (Russian: ассигнационный рубль; assignatsionny rubl) was the first paper currency of Russia. It was used from 1769 until 1849. Assignation ruble had a parallel circulation with the silver ruble; there was an ongoing market exchange rate for these two currencies. In later period, the value of the Assignation ruble was considerably below that of the silver ruble.