| What is the local currency? |
| Rubles, which can then be divided into Kopecks. |
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| What denominations does it come in? |
| Notes come in denominations of 10, 50, 100, 500 and 1000 Rubles. Coins come in 1, 2 and 5 Rubles; Kopecks come in 1, 5, 10 and 50 coins. |
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| What is the best way to exchange currency? |
| Banks or exchange offices are the best places to go for this. |
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| What are commonly-used forms of payment for everyday purchases (such as groceries)? |
| In 95 percent of cases, you’ll have to pay for items like groceries in cash. Credit cards and Traveller’s cheques are only accepted by large stores and supermarkets. |
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| Will I be able to use my credit card around town? If not, list when I’ll need cash. |
| Yes, in most hotels, established shops and restaurants you can use credit cards. |
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| By what method are bills (such as rent and utilities) paid? |
| Most people opt to pay their bills in cash, though there is a small percentage who prefer to transfer the money from their credit cards or via internet payments. |
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| What are the requirements for opening a bank account? At what stage of the settling-in process should I open it? |
| Requirements vary by bank, but you can generally expect that proof of residency by means of rental contract or registration will be required. |
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| Will foreign residents be able to find banking services in their native languages? |
| Not all languages will be easy to find, but French, German and English should be no problem |
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| Are there any restrictions on services for those who are new to your country? |
| Be aware that there are certain banks that will not open personal accounts, only corporate accounts. |
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| What are typical banking hours? |
| 10am to 6pm Monday through Friday. Sberbank is also open on Saturday morning. |
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| Are automatic teller machines (ATMs) available around the clock? |
| Yes |
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| Is there any other money information that might help me? |
| You can change both US Dollars and Euros everywhere, anytime. |
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| Useful Links |
Calculate exchange rates (Russian only)
www.rbc.ru
Universal Currency Converter
www.xe.com/ucc/ |