I love Moscow. Life as an Expat in Moscow. Expats guide to Moscow IKEA

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Money

I love Moscow :: Main
The Bank Of Russia

The official Russian currency is Rubles and there are 100 kopeks to a ruble. Banknotes have a value of 10, 50, 100, 500 and 1000 rubles. Coins come in 1, 5, 10 and 50 kopek pieces and 1, 2 and 5 rubles. The exchange rate at the moment is approximately:

28 Rubles = 1 US Dollar
35 Rubles = 1 Euro
50 Rubles = 1 British Pound

Rubles are now becoming more available to buy in other countries, but you can change US Dollars and Euros at all exchange offices. Prices are normally shown in Rubles, although sometimes they are marked in Y.E. - this means "units" and usually equals the current US Dollar or Euro rate, but as it is illegal to use any other currency, payment must still be made in Rubles at the current exchange rate.

Money Exchange facilities are open all day throughout the city, in our IKEA Stores and MEGA malls. Bills should be clean and undamaged or they may be refused. Some places ask to see ID when exchanging money.

Credit cards are widely accepted in restaurants and retail outlets across Moscow, but there are still some which don't yet offer this service so it's a good idea to check and carry some rubles to avoid being caught out! Most places ask to see ID when paying by card. Make a note of the emergency number for your credit card company before travelling, incase of loss or theft while you are here.

Cash machines (or bankomat as they are known here) are everywhere in the city centre, in each of our IKEA stores and adjacent MEGA malls. There is no charge for taking cash out of a Russian bank account, but if you're using a card from another country, expect to pay a 1% - 2.5% commission fee. Most offer withdrawal of Rubles, Dollars and Euros.

Want to know how far your Rubles will go? Go to our Cost of Living in Moscow page.