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Why did the ruble depreciate so quickly?
1. Falling oil prices are one of the three major reasons for the ruble's plunge. According to experts, the collapse of international oil prices, western sanctions against Russia and the impact of a strong dollar on emerging markets are the three main reasons for this round of ruble collapse. Joseph Broussous Eiras, chief economist of American consulting firm McGladreyLLP, said that the devaluation of the ruble is directly related to the recent drop in oil prices, and the Russian economy is heavily dependent on oil exports. Oil is an important source of tax revenue for the Russian government, and the falling oil price has also reduced the Russian government's ability to support its own currency.

Robert savage, CEO of CCTrack, a hedge fund owned by CITIC Capital, believes that the sanctions imposed by Europe and the United States on Russia have restricted Russia's financing. Although Russia has a large amount of foreign exchange reserves, on the one hand, it has to support the falling ruble, on the other hand, it has to pay foreign debts denominated in dollars, which makes Russia stretched. The strength of the US dollar has put pressure on the currencies of emerging economies, including the ruble.

1. Before the disintegration of the Soviet Union, four versions of the standardized ruble were issued, namely 1938, 1947, 196 1, 199 1. Among them, the denominations of the 1947 version of rubles are 1, 3, 5, 10, 25, 50 and 100 rubles respectively; The denominations of 196 1 version are 1, 3, 5, 10, 25, 50, 100 rubles respectively, and the denominations of coins are 1, 2, 3, 5, and 0/00 rubles respectively. The denominations of 199 1 are 1, 3, 5, 10, 50, 100 (with Lenin watermark and five-star watermark), 200, 500 and100 respectively.

2. Since the disintegration of the Soviet Union, the Russian government has issued four sets of currency, namely 1992, 1993, 1995 and 1997. Among them, the page size of 1992 is 50, 200, 500, 1000, 5000, 10000 rubles; The denomination of 1993 ruble banknotes is 100, 200, 500, 1000, 5000, 10000, 50000 rubles; 1995 version of the ruble banknotes has denominations of 1000, 5000, 10000, 50000, 100000 rubles; 1997 version of the ruble is currently in circulation. The denomination of paper money is 5, 1 0,50,100,500,1000,5000 rubles, and the denomination of coins is10,50 kopecks.