The Rouble is the official currency of the Russian Federation, and the estimated daily volume in the Rouble spot market is thought to be around $20 billion. By Volume the Rouble accounts for 0.5% of the global foreign exchange market turnover.
In recent years Russia has transitioned from a centrally planned economy to a market economy. Russia’s abundance of natural resources forms a major cornerstone of their economy; exports are dominated by oil, natural gas, minerals and gold. The purchasing power parity of Russia is $2.373 trillion ranking it 6th globally.