MORE WORLD NEWS
News from the region's first prime-time newscast. You'll find it First On Fox!
Russia adopts official symbol of national currency, the ruble
Reported by: Associated Press
Reported: Wednesday, December 11, 2013 12:14 PM EST
Russia's Central Bank has adopted an official symbol for the national currency, the ruble, which has been approved in a public vote.
Central Bank chief Elvira Nabiullina said Wednesday the new sign was designed to symbolize the ruble's stability.
The ruble has seen dramatic plunges amid the post-Soviet economic decline, but it has stabilized in recent years thanks to the flow of petrodollars.
Some critics have warned that the new symbol could confuse those who use the Latin alphabet, but Nabiullina rejected such concerns.
The Central Bank said it would issue a new one ruble coin this year carrying the new symbol.