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Canadian Dollar to Russian Ruble
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About Canadian Dollar
The Canadian dollar is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other dollar-denominated currencies. It is divided into 100 cents.
Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, may be referred to as the loonie by English-speaking Canadians and foreign exchange traders and analysts. Likewise, amongst French-speaking Canadians, the French word for loon, huard, is also commonly used.
Accounting for approximately two per cent of all global reserves, as of January 2024 the Canadian dollar is the fifth-most held reserve currency in the world, behind the US dollar, euro, yen, and sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems. WikipediaAbout Russian Ruble
The ruble or rouble is the official currency of the Russian Federation. Banknotes and coins are issued by the Central Bank of Russia, which is Russia's monetary authority independent of all other government bodies.
The ruble is the second-oldest currency in continuous use and the first decimal currency. The ruble was the currency of the Russian Empire, which was replaced by the Soviet ruble during the Soviet Union. Following the dissolution of the Soviet Union, by 1992, the Soviet ruble was replaced in the Russian Federation by the Russian ruble at par. The Russian ruble then further continued to be used in 11 post-Soviet states, forming a "ruble zone" until 1993. The ruble was further redenominated with the new ISO 4217 code "RUB, 643" just preceding the 1998 financial crisis, and was exchanged at the rate of 1000 RUR = 1 RUB. Code "RUR, 810" was then excluded from both the ISO 4217 standard and the Russian currency classifier, but continues to be used for numbering bank accounts internally within Russia.
The ruble is a free-floating currency and is subdivided into 100 kopecks which have fallen out of use due to inflation. In 2023, the digital ruble was introduced. Wikipedia