ROUBLE Meaning and
Definition
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The term "rouble" refers to a currency unit that is commonly used in certain countries, particularly in Russia. It is the monetary unit of Russia, Belarus, and Transnistria, recognized as legal tender, and holds a significant role in the economic systems of these nations. The word "rouble" originates from the Slavic language, where "robŭ" referred to silver bars used as a form of currency during ancient times.
The rouble is subdivided into smaller units called kopeks, where one rouble is equivalent to one hundred kopeks. The rouble symbol is denoted by the letter "₽" or sometimes "р" in Cyrillic script. It is represented using both paper currency and coins, issued by the respective central banks of the countries in which it is used. The rouble has experienced fluctuations in its value throughout history, largely influenced by economic factors and geopolitical events.
As a significant currency in Eastern Europe, the rouble plays a pivotal role in commerce, trade, and financial transactions. It serves as a measure of value for goods and services, and its stability or instability greatly impacts the economies of the respective countries. The rouble's exchange rate against other currencies is determined by global currency markets, and fluctuations in its value can have wide-ranging effects on both domestic and international economies.
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A Russian silver coin, in value about 3s. 1 1/2d.; the bank rouble of account, value about 11d.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for ROUBLE
Etymology of ROUBLE
The English word "rouble" is derived from the Russian word "рубль" (rúbl’), which refers to the currency used in Russia. The term "рубль" dates back to the medieval period when it was used to refer to a Russian silver coin. The word "рубль" itself was derived from the noun "руби́ть" (rubít’), which means "to chop" or "to cut". This is because these early coins were initially made by cutting pieces from a silver ingot. As the currency evolved and became the official monetary unit of Russia, it retained the name "rouble". The term was later adopted into English to refer to the Russian currency.
Similar spelling words for ROUBLE
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