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The ruble or rouble ( Russian : рубль , rublʹ , plural рубли́ , rubli ; see note on English spelling ) ( sign : ₽ ; code : RUB ) is the currency of Russia and the two partially recognized republics of Abkhazia and South Ossetia . Originally, the ruble was the currency of the Russian Empire and the Soviet Union before its dissolution. Belarus and Transnistria use currencies with the same name . The ruble is subdivided into 100 kopeks (sometimes written as kopecks or copecks ; Russian : копе́йка , kopeyka ; p
The Russian ruble is the world's first decimal currency, being decimalised in 1704 when the ruble became legally equal to 100 kopeks .
According to the most popular version, the word "ruble" is derived from the Russian verb руби́ть ( rubít' ), meaning "to chop", to cut, to hack, as ruble was considered as a cutout piece ( a quarter ) of a silver Gryvna .