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base info Portal (IOU)

Portal (IOU) to Russian Ruble Converter and calculator

Convert 1Portal (IOU) (PORTAL) to Russian Ruble (RUB) equals ₽ 0 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Portal (IOU)(PORTAL) to Russian Ruble(RUB). This is the real-time data. The current conversion shows 1 PORTAL at a value of 1 PORTAL for 0 RUB . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

RUB information

About the Russian Ruble (RUB)

What Is the Russian Ruble (RUB)?

The Russian Ruble (RUB), symbolized as ₽, is the national currency of Russia and holds the distinction of being the second oldest currency in the world, following the British Pound Sterling. Its roots trace back to the 14th century, with a significant milestone in 1704 when it became the first European currency to be decimalized, dividing the ruble into 100 kopeks. The Russian Ruble is the sole legal tender in Russia, and it is used for all transactions within the country.

The Russian Ruble is issued by the Central Bank of Russia, also known as the Bank of Russia. This institution is responsible for the production and distribution of ruble banknotes and coins, and it plays a crucial role in maintaining the stability and integrity of the Russian currency. The Central Bank of Russia also implements monetary policy, manages foreign exchange reserves, and works to ensure the overall stability of the financial system in Russia.

What Is the History of RUB?

In 1704, under Peter the Great's rule, the ruble was standardized to 28 grams of silver. This standard underwent a change in 1885, adjusting the gold content but retaining the silver ruble's value. The Soviet era saw further transformations, with the introduction of new notes and coins in 1991, followed by a significant reform in 1993 aimed at phasing out Soviet-era currencies.

Notes and Coins of RUB

The Russian Ruble is issued in both coin and banknote forms, each with distinctive features and denominations. Coins come in various denominations, including 1, 2, 5, 10 rubles, and smaller values like 1, 5, 10, and 50 kopeks. These coins are distinguished by their size, composition (often a blend of nickel and brass). On the other hand, Ruble banknotes are printed in denominations of 50, 100, 200, 500, 1000, 2000, and 5000 rubles. The banknotes are made of durable polymer or high-quality paper, featuring advanced security elements to prevent counterfeiting.

Modern Russian Ruble

In recent years, the Russian Ruble has seen further innovations. 2009 marked the introduction of a new 10-ruble coin with advanced security features. The Central Bank of Russia also released new 200 and 2,000 ruble notes in 2017, featuring icons and cities chosen through an online poll. Despite these changes, the ruble's value has been subject to fluctuations, often influenced by political and economic factors rather than its strong oil export background.

Ruble in International Trade

A significant move in international trade came in 2010 when Russia and China agreed to use their currencies instead of the USD for bilateral trade. This decision aimed to strengthen their economies and reduce dependency on the US dollar, especially during economic crises. However, the ruble's value is not strongly correlated with oil prices, a major Russian export, due to ongoing political uncertainties within Russia.

Why Is the Russian Ruble Not a Strong Currency?

The Russian Ruble has historically not been considered a strong currency due to several key reasons. Economic instability and the impact of international sanctions, particularly following geopolitical events like the annexation of Crimea in 2014, have significantly influenced its value. The Russian economy's heavy reliance on oil and gas exports makes the ruble vulnerable to global commodity price fluctuations, often leading to revenue instability. Additionally, periods of high inflation have eroded the currency's value. Political risks and governance issues in Russia further exacerbate this situation, as they can deter foreign investment and shake global confidence in the ruble. Moreover, the monetary policy decisions of the Central Bank of Russia, which sometimes prioritize controlling inflation over maintaining a strong currency, also play a crucial role.

Do Russia and Belarus Both Use Ruble?

Yes, both Russia and Belarus use currencies called the "Ruble," but they are distinct from each other. Russia uses the Russian Ruble (RUB), while Belarus has its own currency, the Belarusian Ruble (BYN). Despite sharing a name, these are separate currencies with different values and are managed independently by their respective countries' central banks.

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Bitget crypto-to-fiat exchange data shows that the most popular Portal (IOU) currency pair is the PORTAL to RUB, with for Portal (IOU)'s currency code being PORTAL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for RUB.

PORTAL to RUB conversion rate trend

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In the past 1D, Portal (IOU) has changed -3.02% to RUB. Based on the trend and price charts, Portal (IOU)(PORTAL) has changed -3.02% to RUB while Russian Ruble(RUB) has changed % to PORTAL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₽0
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/05/27 22:10:58(UTC+0)

How to buy Portal (IOU)

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Use a variety of payment options to buy Portal (IOU) on Bitget. We'll show you how.

What factors influence the conversion rate of Portal (IOU) to Russian Ruble?

Portal (IOU) to Russian Ruble is falling this week.
Portal (IOU)'s current market price is ₽ 0 per PORTAL, with a total market cap of ₽ 0 RUB based on a circulating supply of -- PORTAL. The trading volume of Portal (IOU) has changed by -2.22% (₽ -251,799.75 RUB) in the last 24 hours. Last trading day, PORTAL's trading volume was ₽ 11,336,203.2.
Market cap
$0
24h volume
$124.59K
Circulating supply
0 PORTAL

Conversion tables

The exchange rate of Portal (IOU) is decreasing.
1 PORTAL is currently valued at ₽ 0 RUB , which means buying 5 PORTAL will cost ₽ 0 RUB . Similarly, ₽1 RUB can be traded for Infinity PORTAL, and ₽50 RUB can be converted to Infinity PORTAL, excluding any platform or gas fees.
The exchange rate of 1 PORTAL to Russian Ruble has changed by -17.53% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.02%, reaching a high of 151.88 RUB and a low of 142.67 RUB . One month ago, the value of 1 PORTAL was ₽ 57.57 RUB , which represents a -28.58% change from its current value. Over the last year, Portal (IOU) has changed by
+
54.88RUB
, resulting in a change of 0.00% in its value.

PORTAL to RUB

Amount
22:10 today
0.5 PORTAL
0
1 PORTAL
0
5 PORTAL
0
10 PORTAL
0
50 PORTAL
0
100 PORTAL
0
500 PORTAL
0
1000 PORTAL
0

RUB to PORTAL

Amount22:10 today
0.5RUBInfinity  PORTAL
1RUBInfinity  PORTAL
5RUBInfinity  PORTAL
10RUBInfinity  PORTAL
50RUBInfinity  PORTAL
100RUBInfinity  PORTAL
500RUBInfinity  PORTAL
1000RUBInfinity  PORTAL
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Today vs. 24 hours ago

Amount22:10 today24 hours ago24h change
0.5 PORTAL$0.00$0.02520
-3.02%
1 PORTAL$0.00$0.05039
-3.02%
5 PORTAL$0.00$0.2520
-3.02%
10 PORTAL$0.00$0.5039
-3.02%
50 PORTAL$0.00$2.52
-3.02%
100 PORTAL$0.00$5.04
-3.02%
500 PORTAL$0.00$25.2
-3.02%
1000 PORTAL$0.00$50.39
-3.02%

Today vs. 1 month ago

Amount22:10 today1 month ago1M change
0.5 PORTAL$0.00$0.3236
-28.58%
1 PORTAL$0.00$0.6471
-28.58%
5 PORTAL$0.00$3.24
-28.58%
10 PORTAL$0.00$6.47
-28.58%
50 PORTAL$0.00$32.36
-28.58%
100 PORTAL$0.00$64.71
-28.58%
500 PORTAL$0.00$323.56
-28.58%
1000 PORTAL$0.00$647.12
-28.58%
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Today vs. 1 year ago

Amount22:10 today1 year ago1Y change
0.5 PORTAL$0.00$-0.8084
0.00%
1 PORTAL$0.00$-1.6168
0.00%
5 PORTAL$0.00$-8.08412
0.00%
10 PORTAL$0.00$-16.1682
0.00%
50 PORTAL$0.00$-80.8412
0.00%
100 PORTAL$0.00$-161.6823
0.00%
500 PORTAL$0.00$-808.4116
0.00%
1000 PORTAL$0.00$-1616.8231
0.00%

Portal (IOU) price prediction

What will the price of PORTAL be in 2025?

Based on PORTAL's historical price performance prediction model, the price of PORTAL is projected to reach -- in 2025.

What will the price of PORTAL be in 2030?

In 2030, the PORTAL price is expected to rise by +8.00%. By the end of 2030, the PORTAL price is projected to reach --, with a cumulative ROI of 0.00%.
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Buy Portal (IOU) for 1 RUB
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FAQ

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.