Currency exchange in Russia-how and where

Currency exchange in Russia

Anyone who is going to travel abroad, wondered about money and currency exchange, especially, when you are going to Russia. Should you get Rubles from home or perhaps you should use your currency instead? What would be the rate if you change your money in Russia and where? We hope this article will help you to answer all your questions.

Russian Ruble

Ruble is the official currency in Russia. To date, there are two equivalents of Russian money: coins of 1, 5 and 10 rubles and banknote denomination is of 10, 50, 100, 500, 1000,2000 and 5000 rubles. The smallest are kopeks but they are really worth nothing.

What currency to carry to Russia?

Before traveling to Russia, you can buy the Russian ruble in your local bank. The import of currency into the territory of the Russian Federation has no restrictions. The statement is subject only to an amount that exceeds the equivalent of $ 10,000. Anyway, we would not recommend you to exchange too much, so you don’t have to worry about coming back home with a bunch of Russian money. would not be superfluous to say that American Dollars (less) and Euros are excepted on the flea markets, souvenirs shops, and some taxi services.

How and where exchange currency in Russia

Dollars and Euros you can easily exchange at any bank or exchange offices. There are also some ATM machines which provide currency exchange operations. It is illegal to exchange money at the hotels, shopping centers or privately. So don’t be frustrated if your hotel clerk will refuse your request. In no case do not use “street vendors”!

Use your bank card

You can use your bank card to withdraw cash from the ATM machine. Just find out how much your bank will charge you for that. We would suggest you set up the limit of one time withdraw in case of robbery. In addition, you can pay with your bank card at any supermarket, restaurant or even in the metro.

Contactless payments

Contactless method of payment is one of the safest to purchase goods. Ask your bank or google it which one better suits you. Contactless systems are widely spread throughout big cities of Russia such as Moscow, Saint Petersburg, and others.

Tips for currency exchange in Russia

There are many ways to exchange your money to Rubles. We hope our article gives you a better idea of which method to choose for smother and better travel to Russia.

Last but not least, keep small cash of money with you. Do not carry large amounts of Euros or Dollar with you. No matter how safe you considered the place you carry them, the pickpockets are always aware of. Also, always keep handy all the contacts of your bank in case if you need to block your card.

If you have any other questions about currency exchange or about how to travel safely in Russia, please check out our website here.

 

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