Currency Geeks Rejoice, Russia Has A New Symbol For The Rouble
REUTERS/ Sergei Karpukhin
Weeks after Russia announced it would crowdsource five symbol options to its citizenry, the Bank of Russia has revealed the new symbol in an "effort to encourage the use of the ruble in international trade and as a potential reserve
The winner is the Russian letter R-which looks like a P in Latin script-crossed with a horizontal stripe, which took 61% of the more than 284,000 votes, the central bank said Wednesday.
The idea of creating a symbol for the ruble to rival the $, € and £ signs emerged in the 1990s. The central bank said it had been inspired by the European Union's introduction of the euro. But after Russia defaulted in 1998, talk of creating a symbol waned while the country focused on straightening out its financial affairs.
It's definitely a major status upgrade for the rouble, which previously had no symbol.
Behold:
REUTERS
We think the "P" maintains the cyrillic integrity, while the dashed line gives it enough of an "R" feel to indulge international investors. Job well done, Russia. Here were the other options:
REUTERS
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market