Russia, in its continuing effort to portray the Ruble as a safe currency for investment, is seeking a symbol similar to our dollar sign ($). The logical approach might be to use the capital R but in the Cyrillic alphabet an R looks like a P - and this could be confusing. They have suggested five signs using R and P with vertical and horizontal lines. The Central Bank announced that one symbol is heavily favored and investors are holding their breaths to learn the victor. BTW, the Ruble is trading at 30 to the dollar - or about three cents each.
tjs
http://www.nytimes.com/2013/11/07/world/europe/ruble-hopes-to-join-ranks-of-the-dollar-and-euro.html
Great article.
ReplyDeleteThe currency exchange itself is cool and necessary, and I do it through an online currency exchange. In addition, I still use the money transfer service to send money quickly and securely, e.g. abroad.
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