U.S. dollar's exchange rate to the Russian ruble 1992-1998
The exchange rate of the U.S. dollar to the Russian ruble increased continuously over the period from 1992 to 1997. Starting from 1998, Russia redenominated its currency at a rate 1,000 to 1. On August 17, 1998, the devaluation of the Russian ruble was announced, which had a negative impact on the population's economic well-being.
